Ichimoku Malaysia Stock Trade of The Week (2-6-14) 2216-KLS IJM PLANTATIONS BHD

On 2nd June 2014, we received 4 timeframe buy alert for the Malaysia Stock IJM Plantations Bhd.

Below is the email alert:

2216-EMAIL

 

 

 

 

 

 

 

 

 

 

It was a breakout trade and it gave a pullback opportunity to keep the risk low. The trade was setup on the 120m with entry at $3.66, stop at $3.64 and preserve mode at $3.75. If it can reach the preserve mode level, it will be a 450% reward risk ratio. It reached the preserve mode level and we start to tighten the stop and kept on protecting the profits as the stock went bullish. It got stopped out at $3.81 giving this opportunity a 750% reward risk ratio.

Below is the chart:

2216-CHART

 

 

 

 

 

 

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About the Author Maneshkumar Patel