On May 29, 2015, we received an Ichimoku 4 time frame buy email alert on BNZL-LON, Bunzl for the UK FTSE Stock Market. The email alert is shown below:
The 4hr pullback has multiple time frame support around 1891, so that would be the entry. The stop will be 1881 and the preserve mode 1921. The higher time frames suggest that this stock will get to and break the previous high set in February 2015. The risk is 10 and the reward 30, therefore our reward/risk to preserve mode is 3:1. See chart below for setup…
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