Singapore Stock Ichimoku Trade of the Week (13-11-13) C61U-SES CAPITACOMM

On 13th Nov 2013, we received a 4 timeframe buy signal for the Singapore stock CAPITACOMM.

Below is the email alert:

 

 

 

 

 

 

Upon seeing the email alert, there was a good pullback setup at the kijun sen to keep the risk low. The entry was at $1.469 and stop level at $1.464 while the target is at $1.499. I set it as a target instead of preserve mode because it was a potential double top formation. Knowing it can be a double top, it is wiser to take a target instead of preserve mode. The stock reached our target and gave a reward risk ratio of 600%.

Below is the chart:

 

 

 

 

 

 

 

 

 

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 info@eiicapital.com

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About the Author Maneshkumar Patel