In the daily chart shown above, I  see higher highs and higher lows. This means an uptrend is in progress. My focus now is in the last two candles where there is a gap between them. 

This gap signified eagerness to buy at the opening bell. As the day progressed, demand continued  to come in culminating the stock to a high of RM3.08 for a gain of 33 sen at the close of trading. This the best one-day performance of the stock so far. 

Daily skillful traders should have jumped in to buy soon after the opening bell and made a good profit by cashing out at the end of the day. Day traders do not hold position over night. 

The last candle is a bullish Marubozu. The validity of this candle is confirmed by the high volume traded. 

I always sell some of my shares whenever I get that feeling of elation. In fact I sold 5400 shares in Latitude at RM3.08 per share towards the close of trading on Friday. Please do not be misled by this action. These shares were bought in early December 2013 at RM1.60 CD per share. They represent only a tiny fraction of my total holdings of the stock. At RM3.08, the price has gone up by 92.5% in 5 months. I sold simply because I wanted to lock in some of my profit. In the stock market, we can't be sure of what is going to happen next. 

Now, let us have a good look at the chart again. The price shot past the overhead resistance at RM2.85 in style with high volume. As such, RM2.85 has now become the support level of the stock. Because the stock has risen too much too soon, profit taking is bound to set in, come Monday morning. So It will be interesting to see how the bulls react. I think the stock will hold up well because its fundamentals is extremely strong. (Please refer to my post on March 04,2014 under the heading, "Latitude (LT) Too Good To Ignore" on why the stock is worth RM4.83 per share.)

The stochastic indicator is close to its overbought level. Another few percent rise in the price will sent this indicator into the overbought region. This does not mean it will quickly reverse direction, but it does mean that you have to be on the alert for any bearish signal to emerge. 

If you are ignorant about charts then you have to depend on your feel. Intuition, that's what they call it. 

A correction to around the RM2.85 level is an opportunity to buy. 

Whatever action you take is your full responsibility. 

You buy, sell or hold at your risk.