Malaysia Stock Ichimoku Trade of the Week (16-10-13) 5071-KLS COASTAL CONTRACTS

On 16-10-13, we received a 5 TF buy signal for the Malaysia stock Coastal Contracts Bhd.

Below is the email:

 

 

 

 

 

 

 

 

 

 

The entry for this stock is $2.99, initial stop at $2.89 and preserve mode at $3.12 . If we can reach the preserve mode, it will be a reward risk ratio 130% trade. The entry was triggered on 21-10-13 and the stop was at $2.95. It reached preserve mode giving reward risk ratio of 325%. It is still in preserve mode and the current stop is at $3.15.

Below is the chart:

 

 

 

 

 

 

 

 

 

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About the Author Maneshkumar Patel