Ichimoku Malaysia Trade (5-6-14) 1082-KLS HONG LEONG FINANCIAL GROUP BHD

On 5th Jun 2014, near to the closing of the Friday, we received a 3 timeframe buy signal for the Hong Leong Financial Group Bhd.

Below is the email alert:

1082-EMAIL

 

 

 

 

 

 

 

 

 

 

 

From the email alert, there if an opportunity for a cloud breakout on the 120m. The reward risk ratio of this trade was bad and therefore no order was placed. Below is the chart:

1082-CHART

 

 

 

 

 

 

If you look at the higher timeframe, this stock has been consolidating. If it can break the high $16.36, it has a potential to make another bull run. I am definitely keeping an eye on this stock and buy at a good support level after the breakout.

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 Maneshkumar Patel