Malaysia Stock Ichimoku Trade of the Week (12-8-2014) 6661-KLS OSK PROPERTY HOLDINGS

On 12-8-2014, we received a 4 timeframe buy signal for the Malaysia stock, OSK Property Holdings.
Below is the email alert:
6661-EMAIL

 

 

 

 

 

 

 

The stock alert had a cloud breakout on the 120m timeframe. We will setup the breakout trade on the 120m timeframe with the entry at $2.40, initial stop at $2.27 and preserve mode at $2.53. If you look up to the monthly chart, the breakout entry is breaking a major Resistance. Therefore, it could go much more higher. The entry of this breakout was triggered and reached our preserve mode. It gave a minimum reward risk ratio of 200%. Right now, the stop is at $2.55. As the stock moves higher, we will lock in more profits.

Below is the chart:
6661-CHART

 

 

 

 

 

 

 

Our upcoming course (Ichimoku Foundation Trading System & Options Trading) in Singapore will be on 11 & 12 October 2014 covers these information and how to use them with Ichimoku in greater details. 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  or glian@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

 

About the Author Maneshkumar Patel