Ichimoku Stock Trade of the Week 1-4-13: NKE Nike

On Dec 31, 2012, we received a 4 time frame buy Ichimoku Email Alert on the Stock Nike (NKE).   The email alert is shown below:

The entry was 50.77, initial stop of 50.22, and a preserve mode value of 53.14.   This would give us a max. risk of 0.55 and a min. reward of $2.92.    The reward/risk ratio would be 5:1 i.e 500%.

Here is the chart setup:

We have reached our preserve mode value so we are tightening our stop to make sure we protect our profits.

 

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 Manesh Patel