Lian Beng

From my earlier post, we noted from FTSE Small Cap index is trading on a bullish upward momentum. In short, small cap stocks should generally do well.
Technical Observation:
One of its component stock, Lian Beng, broke out from its accumulation zone during today's trading session, showing good trending momentum. More info with regards to the set-up are explained on the chart attached in this post.

Short-term traders can consider the following trade plan.

Entry: 0.505
Stop Lost: 0.475
Target Price: 0.590
Risk/Reward: 2.83x

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