Ichimoku Malaysia Stock Trade (1-4-14) 5027-KLS KIM LOONG RESOURCES

Today I received a 4 time frame buy signal for the Malaysia stock Kim Loong Resources.
Below is the email:
5027-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:
5027-CHART-M
 
 
 
 
 
 
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.
 
5027-CHART-DAILY
 
 
 
 
 
 
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:
5027-CHART-60M
 
 
 
 
 
 
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.
 
 

About the Author Maneshkumar Patel