Ichimoku Canadian Stock Trade of the Week 05-12-2014 : PRETIUM RESOURCES INC., BUY

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  • Ichimoku Canadian Stock Trade of the Week 05-12-2014 : PRETIUM RESOURCES INC., BUY

On May 12, 2014, we received an Ichimoku 3 multiple time frame buy email alert on Pretium Resources Inc., for the Canadian Stock Market. The email is shown below:

05_12_2014_3_C

The email alert was for a break out of the stock on the bullish side. This breakout setup was emailed through the automated email alert system, as shown above. As soon as the price broke on the bullish side, it had a strong momentum supporting it.    There was an ideal opportunity to take a break out trade.    The entry was at $7.40, Initial stop of $7.20 and a target of $8.24 was set.  That gave us a  risk of $0.20 per share. The Entry, Initial Stop and the Target was based on proprietary ichimoku strategy. As soon as the price started to move in the direction of the trade, a trailing stop method was applied, again based on proprietary Ichimoku Strategy. The price hit the anticipated target, giving us a profit of $ 0.84 Per Share. This trade gave a Risk to Reward Ratio of 1 : 4.20. Here is the chart setup:

05_12_2014_PVG 1

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 or email us at info@eiicapital.com

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