Malaysia Stock Ichimoku Trade of the Week (29-9-2014) 5878-KLS KPJ HEALTHCARE BHD

On 29th Sept 2014, we received a 3 time frame buy email alert for the Malaysia stock KPJ Healthcare. Below is the email alert:

5878-EMAIL

The chart setup is at 120m because there it is a cloud breakout strategy. By looking at the chart, it is also a consolidation pattern. The entry is at $4.03 and initial stop at $3.83 to break the consolidation. The target is at $4.35 which is the monthly major resistance, Senkou-B. If we can reach the target, it will be a minimum 160% reward risk ratio opportunity.

Below is the chart:
5878-CHART

 

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About the Author Maneshkumar Patel