Stock Trade of the Week : Dec 20, 2013 6 time frame Ichimoku Buy DOW, Dow Chemical

On Dec 13, 2013, we received an Ichimoku 6 time frame buy email alert on DOW, Dow Chemical stock from www.ichimokutrade.com.     Here is the email alert:

We are going to setup for a breakout trade on the 2hr time frame.  The entry was 42.39, initial stop of 40.07, and a preserve mode of 44.74.    The min. reward is 2.35 and a max. risk of 2.32.  This would give us a min. reward/risk of 3:1 i.e. 300%+ when we enter the trade.   Here is the chart setup.

 

The current stop if 42.21.

About the Author Manesh Patel