Ichimoku UK FTSE Stock Trade for the Week ending August 7st, 2015: SMIN-LON, SMITHS GROUP

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:

8915SMIN

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…

8915SMIN

 

 

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EDUCATIONAL USE: Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you cannot afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Maneshkumar Patel