Ichimoku Canadian Stock Trade of the Week 12-08-2014 : SHERRITT INTERNATIONAL CORPORATION, SELL

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  • Ichimoku Canadian Stock Trade of the Week 12-08-2014 : SHERRITT INTERNATIONAL CORPORATION, SELL

On December 08, 2014, we received an Ichimoku 4 multiple time frames sell email alert on SHERRITT INTERNATIONAL CORPORATION, for the Canadian Stock Market. The email is shown below:


The email alert was for a break out of the stock on the bearish side. This breakout setup was emailed through the automated email alert system, as shown above. As soon as the price broke on the bearish side, it had a strong momentum supporting it.    There was an ideal opportunity to take a break out trade.    The entry was at $2.470, Initial stop of $2.551 and a preserve mode of $2.202 was set.  That gave us a risk of $0.081 per share. The Entry, Initial Stop and the Target were 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 preserve mode and the trade exited, giving us a profit of $ 0.268 Per Share. This trade gave a Risk to Reward Ratio of 1: 3.31. Here is the chart setup:

12_08_2014_Sherritt 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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