After a month of “sleepy” consolidation, TA “roared to life” as it broke out of a pennant formation which suggests a continuation of its prior uptrend from the July 2009 low. TA had rallied by a whopping 197% from its October 2008 low to its recent high of RM1.50, beating the benchmark FBM KLCI. Trend indicators are suggesting further upside potential as the stock remains well supported by the 20- and 50day moving averages. In addition, the MACD remains bullish above its signal line. In the near-term, there is a risk of a minor correction as the Stochastic oscillator had a bearish crossover and it is now inching downwards from the 80% overbought level.  Any dips should be contained by its immediate classical support at RM1.27. However a violation below it may expose the next stronger support at RM1.15. On the upside, be on the lookout for the next classical resistance at RM1.59 and above it shall target RM1.68.