On May 22 2014, we received an Ichimoku Stock 6 time frame Buy email alert on ZMH, Zimmer Holdings Stock from www.ichimokutrade.com. Here is the email alert:
With the markets at the high’s, there are not many good bullish setup. This is due to the volatility with the markets swinging back and forth. We are looking to setup the chart on the 120m with a pull back to keep the risk low since the instrument is consolidating. The entry would be 101.23, initial stop of 100.81, preserve mode of 102.65. and a target of 106.97. We choose a target for this instrument since it filled half the gap. The max risk is 0.40 and the min. reward is 1.38. This is over a 3:1 reward/risk ratio i.e. 300%. Here is the chart setup:
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