brazil stock exchange Ichimoku trade of the week RENT3-BSP Localiza 8-24-12

On 8-17-2012, we received a 5 time frame Ichimoku Buy email alert on RENT3-BSP Localiza – ON NM on the Brazil Stock market. The email alert is shown below:

The chart setup is shown below. The entry was 33.72, initial risk of 33.44 and a preserve mode value of 35.49. This is a min. reward of 1.77 and a max risk of 0.28. This was 6:1 reward/risk i.e. 632%

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