Singapore Stock Ichimoku Trade of the Week (10-12-2014) A17U-SES ASCENDASREIT

On 19 Dec 2014, we received a 4 timeframe buy signal for the Ascendas Reit. Below is the email alert:
A17U-EMAIL

The setup is on a 60min chart with entry $2.39, initial stop $2.326 and target $2.462. If it can reach our target, it will be a 112% reward risk ratio. Below is the chart:

A17U-CHART-60M

The entry is setup to clear major resistance as seen on the daily chart:

A17U-CHART-D

In this opportunity, we have set a target instead of a preserve mode because we are getting into a major resistance on the monthly, which is the monthly Kijun-Sen. Below is the chart:

A17U-CHART-M

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

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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