COCOLND has technical breakout

Cocoaland is a company involve in trading of processed and preserved foods and other related foodstuffs.

Few days ago, its share price break above its 10months trend, a Price-Channel trend. Everything starts from Aug 09 when the price stay at RM0.94(A). In a period of less then 2 months, its jump up to RM1.40(B). It is a whopping 49% increase.
From then, its share price has been moving up and downs between the channel until few days ago when it break above its Channel-line at RM1.76(C) .
With this theory, i think bull is on his way for this stock. Target price is RM2.62(another 49% increase?)

  Share price is RM1.93 as of closing today.