Malaysia Stock Ichimoku Trade (12-12-13) 5184-KLS CYPARK RESOURCES BERHAD

On 12th Dec 2013, we received a 4 timeframe buy signal for the Malaysia stock Cypark Resources.

Below is the email alert:

 

 

 

 

 

 

 

The pullback opportunity is spotted. The entry $2.49 is a very strong support, stop $2.47 and preserve mode level $2.56. If we can reach our preserve mode, it will be a 350% reward risk ratio trade. We are setting a preserve mode instead of a target because the higher time frame is still bullish. We will want to protect as much profits if we are right.

Below is the chart:

 

 

 

 

 

 

 

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About the Author Maneshkumar Patel