June 9

Stock Trade of the Week : June 6, 2014 -> 5 time frame Ichimoku Buy AKAM Stock

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On June 3, 2014, we received an Ichimoku Stock 5 time frame Buy email alert AKAM, Akamai Technologies from www.ichimokutrade.com.     Here is the email alert:

weekly_stock_6_6_14_email

We are going to setup a breakout trade on a 60m since it has been consolidating for awhile.   The entry is 55.15, initial stop of 53.99, and a preserve mode value of 57.33.   This gives a max. risk of 1.16 and a min. reward of 2.17.    We are looking for a 1:1 reward/risk ratio or higher when placing a breakout trade so it will become a 3:1 min. when we enter the trade.      Here is the chart setup:

weekly_stock_6_6_14_chart

Currently, we are in preserve mode with a stop of 57.83.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

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