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.
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.
Stop Lost: 0.475
Target Price: 0.590