I planned to trade this counter in a very short time period.
Breakout happened yesterday after the price consolidated for seven weeks.
MACD line crossed over signal line with increased volume. Price was increasing for the past 3 days.
My understanding of MACD for breakout trading was based on http://www.remisiers.org/cms_images/guppyspeaks/Guppyspeaks_A/MACD_INDICATOR_FOR_BREAKOUT_TRADING.pdf
I bought 50 lots at RM0.92 this morning with target price of recent high RM0.94. Profit is enough for a nice lunch.
Update: My selling queue of RM0.925, 50 lots, was filled at around 4pm, last Friday. No profit. Small broking fees were incurred.
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