Latexx another rubber and glove-related stock has been soaring like an eagle in the past three months. Since hitting its historical high of RM 2.82 on 23 October 2009, Latexx has been trading sideways, showing no sign of a clear direction in the past one and a half month. In fact based on the current price action, it is forming a potential symmetrical triangle which is classified as a trend continuation pattern. On the upside be on the lookout for its immediate resistance at RM2.82 and a break above it may see Latexx resuming its uptrend to target RM3.25 next, a possible upside price projection measured from the first high of the symmetrical triangle to the corresponding lower boundary of the triangle. However a break below its immediate support at RM2.38 may see a correction towards the next stronger support at RM2.11.