Ichimoku Stock Trade of the Week : 8-23-13 SHLD Sears Holding Corp

On Aug 19, 2013, we received an Ichimoku 6 time frame sell on the stock Sears Holding Corporation SHLD.   The email alert is shown below:

We choose to take the pull back trade on the daily time frame for a long term opportunity.   The entry is 43.52, initial stop of 44.38, and a preserve mode value of 39.51.   This is a max initial risk of 0.86 and a min. reward of 4.01.   This gives us a min. reward/risk of 4:1 i.e. 400%.

 

We are in preserve mode right now with a current stop value of 41.61.

 

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About the Author Manesh Patel