There was an entry to go SHORT on CANADIAN OIL SANDS LTD’s stock. The Entry was at $19.92 and the Stop for the trade was $20.25. A risk of $0.33 per share. The target was set at $18.83 based on proprietary Ichimoku system. The target was achieved when the price retraced a little and the trade was closed, thus encashing in a profit of $1.09 per share. Risk to Reward ratio of 1 : 3.30 was achieved.
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