Innovalues Limited, a very bullish stock, share price more than doubled since the start of 2H14 thanks to the company’s improved financial performance.

However I am not a fundamental analysis, I buy and sell based on chart.

I have been observing Innovalues share price since yesterday but I found that it was a bit risky to enter the trade. It was at 0.46(all time high).

One of my habits I picked up from professional traders like Dr. Alexander Elder is that every trade, entry and exit must be named and numbered. This allows me to research what works and what does not.

Before SGX open for trading at 1230hrs, I have planned my cut lose and entry. So it is not a bad idea that SG market open at 1230 hrs

Normally I do not trade on breakout stock but Innovalues gap up with great conviction when open for trading.

I enter 55,000 shares at $0.47.

I am looking forward to review my trade in the next few days.

Talk to you soon.

Best wishes,

Divergence Trader

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