Aug 22, 2014 02:00:08 PM EST, we received an Ichimoku 4 time frame buy email alert on the stock FSLR, First Solar Inc. Here is the email alert:
Due to the consolidation pattern and market at the all time high, we are going to trade a pull back trade on the 30m to keep the risk low. The entry is 70.29, initial stop of 70.14, and a preserve mode of 70.88. This would be a max risk of 0.15 and a min., reward of 0.60. This would be a 4:1 reward/risk ratio. Here is the chart:
We reached preserve mode and got stopped out for a profit at 70.93.
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