There was an entry to go LONG on VERESEN INC’s stock. The Entry was at $12.97 and the Stop for the trade was $12.92. A risk of $0.05 per share. The target was set at $13.08 based on proprietary Ichimoku system. The target was achieved when the price went in the favour of the trade. Price was locked in and the trade was closed. There was a profit of $0.11 per share for the trade. Risk to Reward ratio of 1 : 2.2 was achieved.
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