CANADIAN STOCK Ichimoku Trade of the Week: May 06 – May 10, 2013.

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  • CANADIAN STOCK Ichimoku Trade of the Week: May 06 – May 10, 2013.

This is the weekly trade for the Canadian Stock Market. We received an Email Alert on May 06, 2013 for a 3 time frame Buy / Sell opportunity.

There was a signal to go LONG on METHANEX CORPORATION’s stock. The Entry was at $43.68 and the Initial Stop for the trade was Rs.65.76. A risk of $0.53 per share. As the price started to move up in the favour of the trade, the price was being trailed based on proprietary Ichimoku system. The stop got hit at $45.55 on a retracement of the price after a substantial profit had been locked in. There was a profit of $1.87 per share. The Risk to Reward ratio was 1 : 3.52.

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