$GIB.A-TC CGI Group Inc: Canadian Stock Trade of the Week for the Week Ending June 2

$GIB.A-TC CGI Group Inc: Canadian Stock Trade of the Week for the Week Ending June 2.On May 26, we received a 7 Timeframe Ichimoku Buy Alert for CGI Group Inc. Here is the email alert:

Our trading plan indicates that we can only take strategy #4. In this particular case, we chose the 120m.

Below is the 120m chart provided by eSignal.

At the time of the email alert, I had the option of looking for either a bullish breakout or a bullish pullback trade.

Since there was an IMTF™ support in place, I decided to further explore the pullback set up to keep my risk relatively small. The pullback trade provided an adequate Reward:Risk. Price eventually got to the entry at the IMTF™ support and held. Since then price has reached the target and has continued to go up further.

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For educational purposes only. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. View our full risk disclosure: https://www.ichimokutrade.com/c/disclaimer/

About the Author Zeeshan Ahmed