$MiddleEast Stock Market Trade of Week $SAUDI $2010-SAU

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$MiddleEast Stock Market Trade of Week $SAUDI $2010-SAU.   On April 4, we received a 7 Time frame Ichimoku Buy Email alert for $2010-SAU, Saudi Basic Industries Corp.  Here is the email alert received.


Our trading plan only allows us to trade Strategy #4.    We will take the trade off the 60m.     Below is the 60m chart provided by eSignal.


Price has been consolidating for a long time.   As a result, we are going to look for a breakout trade instead of pull back.   The entry is 97.69, initial stop of 95.89, and preserve mode of 99.51.


Below is the result.  The trade got to preserve mode and still has not exited yet.   The current stop is 100.37.



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

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