On November 15, 2013, we received a Ichimoku 7 time frame sell email alert on the stock SLAB, Silicon Laboratories. Here is the email alert.
With the markets over extended in a bullish mode, this is a hedge trade so to keep the risk low, we are doing a pull back trade. We setup the trade on a 2hr chart. The entry was 39.60, initial risk of 39.78, and a preserve mode of 38.69. Min. reward risk is 0.91 and a max. risk of 0.18. This is a min. reward/risk of 5:1 i.e. 500%.
Here is the chart:
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