CANADIAN STOCK Ichimoku Trade of the Week: Crescent Point Energy Corp., January 21 – 25, 2013.

This is the weekly trade for the Canadian Stock Market.
We received an Email Alert on January 21, 2013 for a 3 time frame Buy / Sell opportunity.

There was an entry to go LONG on CRESCENT POINT ENERGY CORP.’s stock. The Entry was at $38.82 and the Stop for the trade was $38.25. The risk of $0.57 per share. Profit has already been locked in at $39.28. The price already hit the first expected target and is likely to hit the next target, which is the exit point. If the stock price turns around from here and go downwards, there is a sure profit of $0.46 per share. If the price continues its upwards journey and hits the exit target, there is a profit of $1.23 per share.

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
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About the Author Vinesh Midha