Ichimoku UK FTSE Stock Trade for the Week ending May 13th, 2016: TATE-LON, TATE & LYLE

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  • Ichimoku UK FTSE Stock Trade for the Week ending May 13th, 2016: TATE-LON, TATE & LYLE

On May 10th, 2016, we received an Ichimoku 3 time frame Buy email alert on TATE-LON, TATE & LYLE for the UK FTSE Stock Market.

The email alert is shown below:

51516TATE

 

We had a MTF support around the 603 level.  This was an aggressive trade because price bounced off the monthly resistance around 618, but the lowers were telling us that it should at least retest the level.  Our entry was 603, with a stop at 600 and our target is 614.

See chart below for setup….

51516TATE

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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