Hong Leong Asia (HL Asia): Breakout from Double Bottoms?

Hong Leong Asia or HL Asia just broke the neckline resistance of a Double Bottoms chart pattern after breaking the down trend channel (gray lines) resistance. The price target of the successful Double Bottoms Breakout is $3.16. This target is also the 200D MA resistance. Currently HL Asia may experience a pull back to the 20D/50D MA support at about $2.73. If this support is reliable, this is a good entry level to long this stock.