Best Trading Ideas |BUY & SELL| 28 Feb

Sell Trade: Caterpillar Inc. (CAT) – 327.63

Trading Ideas

Trade Details:

1. This stock is trading at the upper resistance levels it may reverse from the current levels towards it EMA levels.
2. Hitting the resistance for the third time and it will try to reverse from current levels as usual.
3. Wait for entry to trigger our entry price to enter into this trade.
4. If this stock opens a gap up then wait fro negative price action to enter into this trade.
5. RSI is trading at upper resistance near 65 levels and it will slide towards lower levels.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:4+
   
   Trade, SL, and Target –

Entry = 326.76

Stop Loss = 329.50

Target = 315.24

Please note: Be strict with SL and enter only after price triggers our entry levels. Ignore this trade if it opens gap up.

Bullish Trade: APA Corporation (APA) – 30.20

Trade Details:

1. This stock is trading at the lower support area and preparing for bounce after hitting the lower support.
2. There is a kind of triple bottom pattern at the lower support
3. Its price action is looking like it is preparing for a bounce towards it upper moving average resistance line.
4. Consolidating in a range and it may try to give a breakout after sideways.
5. RSI is trading flat near 50 and it is in uptrend so it may continue till 75-80.
6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
7. Risk Reward = 1:3
8. Totally ignore this trade if it reverses from the current levels or open gap down.

Trade SL and Target –

Entry = 30.24

Stop Loss = 29.91

Target = 31.20

Please note: Trade only with the market sentiment is positive and ignore this if it opens gap down.

Short Trade: Citizens Financial Group, Inc. (CFG) – 30.96

1. Stock is trading at the upper trendline resistance levels and will continue to slide lower.
2. If there is a support of negative market sentiment then it will be the high probability trade.
3. Always trail your SL because this stock may go into a uptrend and we are entering into contra trade as it crosses 31 levels.
4. RSI is looking flat and may try to slips again towards lower support zone of 30.
5. Strictly follow the Stoploss and Target. It may go against our favor if market sentiment will be positive.
6. Risk Reward = 1:3

Trade SL and Target –

Entry = 30.92

Stop Loss = 31.12

Target = 30.30

Please note: Wait for entry if it breakout the upper trendline. Be strict with stoploss.

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