Today I received a 4 time frame buy signal for the Malaysia stock Kim Loong Resources.
Below is the email:
This stock has a very interesting setup. The monthly has just broken above the cloud and the past major Resistance. This has a potential to start a bull run. The monthly chart is as below:
The daily has been making some bull runs and supported by the daily cloud. Conservative players can look to do a pullback trade on the daily kijun sen to keep risk low.
The heatmap signal notify that the 60m is setting up a cloud breakout strategy. It is also a consolidation play in the making. As long as the monthly SKB holds, we may see the 60m breakout at play while the daily conservative pullback trader may not get triggered. Remember, being a conservative trader, we may not always get our trade entry triggered. No Trade, is also a Good Trade. If it can reach the preserve mode level, this will be a minimum 180% reward risk ratio opportunity. Below is the 60m chart:
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