Malaysia Ichimoku Trade of the Week (22-12-13) 3662-KLS MALAYAN FLOUR MILLS BHD

On 22nd December 2013, we received a 3 timeframe buy signal for the Malaysia stock Malayan Flour Mills Berhad.

Below is the email alert:

3662-EMAIL

 

 

 

 

 

 

 

 

The pullback entry was $1.41, stop at $1.40 and preserve mode level at $1.47. If we can reach our preserve mode level, it will be a reward risk ratio 700%. The entry was triggered and now is in preserve mode. Our current stop is at $1.53, which means this is now a FREE TRADE.

Below is the chart:

3662-CHART-240

 

 

 

 

 

 

 

On the higher timeframe, the stock was also a cloud breakout strategy on the weekly. See below chart:

3662-CHART-W

 

 

 

 

 

 

 

 

On the monthly chart, the price has been held nicely by the tekan-sen. See below chart:

3662-CHART-M

 

 

 

 

 

 

 

 

 

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. We will be having our Singapore/Malaysia class in March 2014.

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About the Author Maneshkumar Patel