CANADIAN STOCK Ichimoku Trade of the Week: Aug 19 – Aug 23, 2013.

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  • CANADIAN STOCK Ichimoku Trade of the Week: Aug 19 – Aug 23, 2013.

This is the weekly trade for the Canadian Stock Market. We received an Email Alert on August 19, 2013 for a 4 time frame Buy / Sell opportunity.

There was a signal to go LONG on VERMILION ENERGY INC.’S stock. The Entry was at $21.84 and the Initial Stop for the trade was $21.60. A risk of $0.24 per share. The Entry and the Target were 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 $22.40 thus giving us a profit of $0.56 per share. A Risk : Reward ratio of 1 : 2.33 was achieved in this trade.

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