UIC - Bullish Megaphone Bottom

A "Megaphone Bottom" chart pattern formed on United Industrial Corp Ltd (U06:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 2.370 to the range of 2.52 - 2.55.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.