Stock Trade of the Week : June 20, 2014 -> 6 time frame Ichimoku Buy GAS Stock

On June 20, 2014, we received an Ichimoku Stock 6 time frame Buy email alert GAS,  AGL, Resource. inc from www.ichimokutrade.com.     Here is the email alert:

GASStock_620_email

 

Due to a consolidation, we are going to put a pull back trade on the 30m.   The entry is 53.56. initial stop of 53.41, and a preserve mode value of 53.96.   This gives a max risk of .15 and a min reward of .40.   The reward/risk will be greater than 3:1, i.e. 300% +.     Here is the chart setup:

GASSTOCK_620_chart

 

The trade entered in went to preserve mode. The trade was exited at 54.36.

 

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About the Author Michael Colquitt