On August 6th, 2015, we received an Ichimoku 4 time frame buy email alert on SMIN-LON, SMITHS GROUP for the UK FTSE Stock Market. The email alert is shown below:
On August 4th, SMIN gaped up as seen in the chart below. the last couple of days after the gap, price has been steadily coming down and should get down to the Kijun Sen. So our entry will be 117.540, our stop at 1168.389 and our target will be 1221.412. Our initial risk to reward is 4.8 : 1.
See chart below for setup…
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