Ichimoku Stock Trade of the Week : 9-13-13 AMGN Amgen Inc.

On Sept 10, 2013, we received an Ichimoku 4 multiple time frame buy alert on the stock AMGEN.   The email alert is shown below:

From examining all the time frame, it seems like the support was being best held on the 120m time frame.   The entry was 110.67, initial stop of 109.83, and a preserve mode of 115.19.   The max risk is 0.84 and min. reward of 4.52.   This would give us a min. 5:1 i.e. 500% +.  The chart is shown below.

 

Currently, we are in preserve mode with a stop of 113.40.

 

 

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About the Author Manesh Patel