Ichimoku Stock Trade of the Week 3-29-13 : PEP, Pepsico Inc

On March 25, 2013, we received an Ichimoku 5 Time Frame Email alert Buy on PEP, Pepsico Inc.   The email alert is shown below:


We elected to use the 4h time frame to setup the trade since we are looking for it to go for awhile.  The entry was 77.63, initial risk was 77.28, and a preserve mode value of 79.26.     The initial max. risk would be 0.35 and the min. reward would be 1.63 giving us a 4.6:1 reward/risk ratio (463%+).    Here is the trade setup:

We entered the trade and price is slowly getting to our preserve mode value where we will tighten our stop.

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