On 22 July 2014, we received a 4 timeframe buy signal email alert for the Malaysia stock Globetronics Technology Bhd.
Below is the email alert:
In the email alert, there was a cloud breakout streategy on the 60min chart. The pullback level on 4.39 was a strong support to keep risk low. The entry was at 4.39, stop at 4.36 and preserve mode at 4.53. If the stock could reach the preserve mode level, it is a minimum 700% reward risk ratio trade. The stock came down but it did not reach the pullback level. Therefore, we walked away from this opportunity.
Below is the chart:
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