Best Stocks to Trade |BUY & SELL| 04 Jan.

Bearish Trade: Assurant, Inc. (AIZ) – 169.99

Best Stocks Bearish

Trade Details:

Bearish Trade

1. Stock is reversing from the upper resistance levels.
2. Price is stretched too much it may try to give a pull back in which we trade for the small target of 3%.
3. There is also a trendline support so ensure that you can trail your stoploss after crossing its EMA.
4. We don’t hope for bigger targets because price may reverse anytime due to positive market trends.
5. RSI is sloping towards lower levels from the overbought zone. It may go near 30-35 levels.
6. Keep your SL strict and trail accordingly because it may reverse anytime.
7. Risk Reward 1:3+
   
   Trade, SL, and Target –

Entry = 169.45

Stop Loss = 171.10

Target = 164

Please note: Enter into this trade only after the price triggered our entry levels. For more confirmation you can enter below its EMA on 1HR charts.

Bullish Trade: Norwegian Cruise Line Holdings Ltd. (NCLH) – 17.32

Trade Details:

1. If the price crosses above our entry price then Double bottom pattern will be activated and price will bounce higher.
2. This is trading in a consolidation zone so on breakout it will shoot up like a rocket.
3. Trading at very strong support zone which increases the chance of reversal from current levels.
4. EMA is too far from the current levels and price may go again towards its EMA levels to retest.
5. RSI is in the oversold zone at 19 and it will bounce quickly for sure till 45-50.
6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
7. Risk Reward = 1:3+

Trade SL and Target –

Entry = Above 17.78

Stop Loss = 17.33

Target = 18.85

Please note: Trade will only be activated after price crosses above the last upper swing. This is a high % RISK-REWARD trade so you can manage your position sizing accordingly.

Long Trade: Packaging Corporation of America (PKG) – 163.65

1. There is a symmetrical triangle patter on the hourly charts.
2. There is a high chance of breakout because price already have consolidated after a long rally and now again preparing for the next breakout.
3. There is a very bullish candle called hammer candle and it will start a new strong uptrend.
4. This chart looks like it will hit the upper levels of 170 as soon as it crosses above 165
5. Trade only if this stock opens flat and gives upside momentum otherwise it may start pulling down to lower support again.
6. RSI is trading flat it will give a breakout and shoot upto 75-85 levels.
7. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk-reward on your trade.
8. Risk Reward = 1:4+

Trade SL and Target –

Entry = 164

Stop Loss = 162.40

Target = 170 & 175

Please note: You can re-enter into this trade if doesn’t workout in first try because its a high probability trade with good reward.

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