This is the weekly trade for the Canadian Stock Market.
We received an Email Alert on January 21, 2013 for a 3 time frame Buy / Sell opportunity.
There was an entry to go LONG on CRESCENT POINT ENERGY CORP.’s stock. The Entry was at $38.82 and the Stop for the trade was $38.25. The risk of $0.57 per share. Profit has already been locked in at $39.28. The price already hit the first expected target and is likely to hit the next target, which is the exit point. If the stock price turns around from here and go downwards, there is a sure profit of $0.46 per share. If the price continues its upwards journey and hits the exit target, there is a profit of $1.23 per share.
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
EDUCATIONAL USE. 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. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.
