On June 10, 2013, we received a 6 time frame Ichimoku Email Buy alert on the stock BBBY, Bed Bath & Beyond. The email is shown here:
BBBY has been trending for a long time now. Therefore, we want to be extremely careful on any bullish trades we take because the profits will be limited. To keep risk low, we took a daily pull back trade. The Entry was 68.29, initial stop of 67.86, and a preserve mode value of 70.41. This would give us a min. reward of 2.12 and a max risk of 0.42. The min. reward/risk would be 5:1 i.e 500%. The chart is below:
We are currently in the trade and already in Preserve mode. The current stop 70.56.
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