On Sept. 30, 2013, we received an Ichimoku 3 multiple time frame Buy email alert on Husky Energy Inc. for the Canadian Stock market. The email is shown below.
There was an email alert, as shown above, for a multi time frame bearish breakout setup of Husky Energy Inc.’s stock. As soon as the price broke on the bearish side, it had a strong momentum supporting it. This was an ideal opportunity to take a break out trade. The entry was at $ 29.45. Initial stop of $ 29.75 and a target of $ 28.80 was set. That gave us a risk of $ 0.30 per share. The trade was exited, based on proprietary ichimoku system, with a profit of $ 0.65 per share. There was a Risk : Reward of 1 : 2.17. Here is the chart setup:
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