RFM: Double Bottom Reversal

A breakout from Double Bottom pattern targets around 5.2 (the previous support prior to Double Top breakdown).

Immediate resistance at 4.6 (another resistance area is at 4.73~4.8).
Immediate support at 4.

A price of 20x P/E is around 5 (see previous post for reference).
http://psetrends.blogspot.com/2015/07/rfm-potential-low-risk-entry.html

Trading Plan
- Follow the trading plan of previous RFM post if using that method for short term position.
- If trading the breakout from Double Bottom pattern, potential TP = 5.2.

*Stop-loss and at least 1:2 risk/reward ratio should be in place to manage downside risk. Scale down at resistance area whenever possible and adjust stop-loss (if possible, use trail-stop method to let the profit run on remaining position).