On March 15, 2013, we received a 7 Ichimoku Email Time Frame buy on the stock MAC, Macerich Company. The email is shown below.
Due to the fact that the US Stock market has not had a major pull back, we are going to look at this stock for a long term trade. The trade was setup on the daily timeframe with entry of 61.97, initial stop of 60.51, and a preserve mode value of 64.96. This gives an initial max. risk of $1.46 and a min. reward of 2.99. This would be a 2:1 reward/risk. With options, it would be over 3:1 reward/risk. Here is the chart setup:
The trade has entered and up $1 in profit so far.
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