Malaysia Stock Market : Ichimoku Trade of the Week 8-3-12

On 7-30-12, we received a 3 time frame buy signal on the stock 7064-KLS, Latexx partners BHD for the Malaysia Stock Market. The email is shown below:

The chart setup is shown below. The entry was 1.62, initial stop of 1.53, and a preserve mode value of 1.77. The min. reward is 0.15 and min. risk was 0.09. This was over 150% profit return. The current chart is shown below. The trade was exited at 1.72.

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

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About the Author Manesh Patel