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:
7048-EMAIL
 
 
 
 
 
 
 
 
 
 
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:
7048-CHART
 
 
 
 
 
 
 
 
 
 
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About the Author Maneshkumar Patel