Petrochina broke out of ascending triangle!

Petrochina (listed on HKSE):

The Hong Kong-listed company has clearly broken out of an ascending triangle that took more than two months in forming. The breakout took place at the several-times HK$9.50 ($1.71) level, accompanied by a notable expansion in volume. Some chartists would go as far as to say this is a textbook move.The break indicates a target of HK$11.50 which looks imminently achievable. Back in the commodity bull market of 2007–2008, PetroChina had surged to a high of HK$19.60. Some traders expect PetroChina’s breakout to trigger interest in oil- and gas-producing counters and oil and gas services counters.

Plan:
1. Buy 4 lots at market
2. Hold for next few months, treating it as an 'investment'
3. This is a play on the energy sector, which is poised to rise in the next few months