Currently I no longer holding any Rubberex. Just intent to record down my trading plan below for future reference.
1) Observed Rubberex is in up trend based on MA50 above MA200 trend line.
2) Observed VCP formed in Rubberex where the contraction of the price getting smaller. (1st contraction ~30%, 2nd contraction ~38% and 3rd contraction ~9%)
3) Bought Rubberex on 15 April at RM0.840 when the stock attempt to break neckline with strong volume in the morning.
4) Sold half quantity at RM0.965 on 16 April when the stock price rocket up.
5) Follow by remaining quantity at RM1.07 at the same day (16 April) to lock down profit.
Blessed to have 21% in 1 day trade.
1) Observed Rubberex is in up trend based on MA50 above MA200 trend line.
2) Observed VCP formed in Rubberex where the contraction of the price getting smaller. (1st contraction ~30%, 2nd contraction ~38% and 3rd contraction ~9%)
3) Bought Rubberex on 15 April at RM0.840 when the stock attempt to break neckline with strong volume in the morning.
4) Sold half quantity at RM0.965 on 16 April when the stock price rocket up.
5) Follow by remaining quantity at RM1.07 at the same day (16 April) to lock down profit.
Blessed to have 21% in 1 day trade.