Stock - Latexx update 11-01-12

This post is to update to my previous analysis to Latexx (Stock - Latexx 03-01-12). In my last post, i written that Latexx formed a symmetrical triangle and i have consider the pattern failed. It is more like a cup & handle pattern to me now and the volume today spike up to 6.31 million. Over the last 2 months consolidation this counter is trading with a thin volume means that there is not much seller. If the price can close above 2.12, projection target for this pattern will be at RM 3.09.

Support and resistance are pegged at 1.77 and 2.12. I will trade with a breakout strategy for this counter.

Beautiful pattern......