Malaysia Ichimoku Stock Trade of the Week (23-9-2013) 6807-KLS PUNCAK NIAGA

$On 23rd Sept 2013, we received a 4 timeframe buy signal for the Puncak Niaga.

Below is the email:

 

 

 

 

 

 

 

 

 

We noticed a pullback setup to the kijun sen and our entry is at $3.06 , stop $3.02, preserve mode $3.13 and target $3.24. If we can reach our preserve mode, it will be a 175% reward risk ratio. Seeing that the higher time frame is still very bullish, we managed to reach our target that gave us a 450% reward risk ratio. We took profits at mentioned target because the market has been trending strongly on the weekly and it was also a strong resistance.

Below is the chart:

 

 

 

 

 

 

 

 

 

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About the Author Maneshkumar Patel