On 5th Jun 2014, near to the closing of the Friday, we received a 3 timeframe buy signal for the Hong Leong Financial Group Bhd.
Below is the email alert:
From the email alert, there if an opportunity for a cloud breakout on the 120m. The reward risk ratio of this trade was bad and therefore no order was placed. Below is the chart:
If you look at the higher timeframe, this stock has been consolidating. If it can break the high $16.36, it has a potential to make another bull run. I am definitely keeping an eye on this stock and buy at a good support level after the breakout.
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