For the past seven weeks, resistance level of RM1.41 was formed. Earlier on, a failed breakout, with a long white candlestick, happened. Yesterday, another breakout with a closing price of RM1.43
Did I miss the boat?
As per yesterday, MACD is in positive region. A bullish crossover is seen. RSI is notching up.
Today, price opened at RM1.44 but went south to close at RM1.40 during lunch time. I grabbed at the opportunity. RM1.41 for 35 lots.
Will the second breakout a successful one?
Update: I accidentally sold off 35 lots at RM1.34 today, 26th August 2013 for a RM275 loss.
Horizontal support level is RM1.33. Low volume for the past week.
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