There was a signal to go SHORT on DETOUR GOLD CORPORATION’s stock. The Entry was at $10.98 and the Initial Stop for the trade was $11.78. A risk of $0.80 per share. As the price started to move down in the favour of the trade, the price was being trailed based on proprietary Ichimoku system. Currently the exit of the trade has been marked at $9.38 and there is a locked in profit of $1.60 per share. If the price moves down further in the favour of the trade, more profits will be locked in. If the price retraces from here, there is an assured profit of $1.60 per share. Current Risk to Reward ratio is 1 : 2.
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