Ichimoku Stock trade of the week : 4-19-13 NEM, Newmont Mining Gold

On April 11, 2013, we received an Ichimoku 6 time frame Sell on the Stock NEM, Newmont Mining Gold.  The email alert is shown below:

The chart was setup on a 4h time frame.  The entry was 37.70, initial stop of 40.84, and a preserve mode value of 33.28.   This would give us a min. reward of 4.42 and a max risk of 3.14.   This would give us a 1.4:1 reward/risk to the preserve mode value.    Here is the chart setup:

Currently, the stop if 34.10.   The stop is below the entry so the trade is “free”.

 

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About the Author Manesh Patel