The stock alert had a cloud breakout on the 120m timeframe. We will setup the breakout trade on the 120m timeframe with the entry at $2.40, initial stop at $2.27 and preserve mode at $2.53. If you look up to the monthly chart, the breakout entry is breaking a major Resistance. Therefore, it could go much more higher. The entry of this breakout was triggered and reached our preserve mode. It gave a minimum reward risk ratio of 200%. Right now, the stop is at $2.55. As the stock moves higher, we will lock in more profits.
Our upcoming course (Ichimoku Foundation Trading System & Options Trading) in Singapore will be on 11 & 12 October 2014 covers these information and how to use them with Ichimoku in greater details. If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at email@example.com or firstname.lastname@example.org
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