Ichimoku Malaysia Stock (24-2-2014) 7048-KLS ATLAN HOLDINGS BHD

  • Home
  • /
  • Blog
  • /
  • Ichimoku Malaysia Stock (24-2-2014) 7048-KLS ATLAN HOLDINGS BHD

On 24th Feb 2014, we received a 5 TF buy signal for the Malaysia stock Atlan Holdings Bhd.
Below is the email alert:
On this daily chart, the Atlan is in a consolidation pattern. Despite the consolidation is making new lower low, price action suggests that it may potentially breakdown, I want to trade it bullish as it is supported on the higher timeframe direction, eg weekly,monthly. I am looking to buy at the breakout of this consolidation with the entry at $5.10, initial stop $4.71 and preserve mode at $5.49. If it can reach the preserve mode, it will be a minimum 100% reward risk ratio.
Below is the chart:
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com
EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.