CANADIAN STOCK Ichimoku Trade of the Week: July 08 – July 12, 2013.

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  • CANADIAN STOCK Ichimoku Trade of the Week: July 08 – July 12, 2013.

This is the weekly trade for the Canadian Stock Market. We received an Email Alert on July 08, 2013 for a 3 time frame Buy / Sell opportunity.

There was a signal to go LONG on FIRST MAGESTIC SILVER CORP.’s stock. The Entry was at $11.75 and the Initial Stop for the trade was $11.20. A risk of $0.55 per share. There were Two targets for the trade. On price hitting the first target of $12.60, half of the traded lot was encashed and the other half is being trailed and will be traded out on price reaching the second target. On the first half, the profit encashed is $0.85 per share, giving us a Risk : Reward Ratio of 1 : 1.55.

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