Best Stocks to Trade |BUY & SELL| 27 Dec

Bullish Trade: The Cigna Group (CI) – 300.12

Best Bullish

Trade Details:

1. This stock is consolidating after a big move so we can expect new upside momentum towards higher levels.
2. There is also a resistance levels at 300 so it may shoot up very quickly as soon as it crosses 300 levels.
3. It is also reversing from a EMA support and may bounce back again to higher levels.
4. Trading range is becoming narrow day by day which increases the posabillity of a big breakout.
5. RSI is trading flat and is stuck in a mid range. it will also give a breakout towards 80-85 levels.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:3.5
8. When you are entering into this trade look at the overall market trend. If the market trend is negative then ignore this trade.
   
   Trade, SL, and Target –

Entry = 301.14

Stop Loss = 298.22

Target = 311

Please note: It may give a pullback first towards its EMA so you must enter only after the price triggers above 301 into a upward direction.

Sell Trade: Colgate-Palmolive Company (CL) – 79.04

Trade Details:

1. This stock has been facing selling pressure from the Top level.
2. There last day shooting star candle indicates high bearishness in this stock.
3. Stock Price has stretched too much, so we are planning for a bearish reversal with a negative price action.
4. RSI was very bullish and gone into overbought zone and now it will fall down to lower levels which impact the price negatively.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward or below 78.20.
6. Risk Reward = 1:3+

Trade SL and Target –

Entry = 78.91

Stop Loss = 79.50

Target = 77.20

Please note: Don’t trade if this stock opens gap up and if the market sentiment is also negative then you can hold this trade for the next few days for bigger targets.

Momentum Trade: O’Reilly Automotive, Inc. (ORLY) – 942.06

1. This stock is now trading in a channel and currently it is at the lower channel of the zone.
2. Now, it is reversing towards higher channel from lower support zone of 940.
3. For more confirmation entry you should enter only above 950 levels.
4. Ignore this trade if it opens gap down but must enter if it start recovering after a gap down opening.
5. RSI is falling sharply from higher levels to the bottom so now we can plan for reversal.
6. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
7. Risk Reward = 1:3+

Trade SL and Target –

Entry = 945.15

Stop Loss = 937.81

Target = 968

Please note: there is a very strong support at our stoploss area so strictly follow the stoploss to minimize your losses.

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