On September 21, 2015 we received a 7 time frame sell email alert on COACH INC (COH). The email alert is shown below:
Looking at the charts, we set up our Pull back Entry at a multiple time frame resistance of 29.64, with a Stop Loss placed at 29.78; our risk was capped at 14 cents. We exited the trade at our ‘Preserve Mode’ of 28.99 with a 65 cent profit. The reward/risk ratio was 4.6/1.
Below is the chart setup:
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