CANADIAN STOCK Ichimoku Trade of the Week: Aug.05 – Aug 09, 2013.

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  • CANADIAN STOCK Ichimoku Trade of the Week: Aug.05 – Aug 09, 2013.

This is the weekly trade for the Canadian Stock Market. We received an Email Alert on August 03, 2013 for a 3 time frame Buy / Sell opportunity.

There was a signal to go SHORT on FINNING INTERNATIONAL INC.’s stock. The Entry was at $22.13 and the Initial Stop for the trade was $22.35. A risk of $0.22 per share. The target was set based on Proprietary Ichimoku Strategy. The price hit the entry point and started to move in the favour of the trade, as anticipated, the price hit the previous set target of $21.16. The trade was closed and a profit of $0.97 per share was encashed, thus giving us a Risk : Reward ratio of 1 : 4.41

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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