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

$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.

2017-04-07_142938_saudi

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.

2017-04-07_1437362010_before

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

2017-04-07_143104201)-chart

 

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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About the Author Manesh Patel