$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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