On Feb 15, 2013, we received an Ichimoku 5 Time frame email alert buy on a stock HCN, Health care Reit. The email alert is shown below:
Since this stock has been consolidating for awhile and we missed the cloud breakout pull back, we are going to setup for a breakout trade. The entry would be 63.52, initial risk of 62.33, and a preserve mode value of 64.71. The max risk is 1.19 and a min. reward of 1.19 so this give us a 1:1 min. reward/risk ratio. Here is the chart:
Our current stop if very close to our entry so our risk now is minimal.
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