Stock Trade of the Week : May 23, 2014 -> 6 time frame Ichimoku Buy ZMH, Zimmer Holdings

On May 22 2014, we received an Ichimoku Stock 6 time frame Buy email alert on ZMH, Zimmer Holdings Stock from www.ichimokutrade.com.     Here is the email alert:

weekly_stock_5_23_14_email

With the markets at the high’s, there are not many good bullish setup.    This is due to the volatility with the markets swinging back and forth.      We are looking to setup the chart on the 120m with a pull back to keep the risk low since the instrument is consolidating.   The entry would be 101.23, initial stop of 100.81, preserve mode of 102.65. and a target of 106.97.    We choose a target for this instrument since it filled half the gap.     The max risk is 0.40 and the min. reward is 1.38.   This is over a 3:1 reward/risk ratio i.e. 300%.      Here is the chart setup:

weekly_stock_5_23_14_chart

 

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

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Manesh Patel