- Bullish Trade: The Boeing Company (BA) – 178.12
Trade Details:
Stock is trading at its very important support levels and price will bounce again with the positive market sentiment. RSI is trading in the oversold area near 20 and it will definitely bounce towards 40 to 50 levels which leads to upside move in the stock prices of BA.
Its EMA levels are too far around 190 so price will bounce towards it because it has already fallen too much from its higher levels. Risk Reward Ratio is 1:2.5 which is very favorable.
Trade, SL, and Target –
Entry = 178.25
Stop Loss = 176.50
Target = 182.60
Please note: Keep Trailing your SL to catch bigger profits, It may hit 190 levels if the overall market sentiment will be positive.
2. Long Trade: American Tower Corporation (AMT) – 192.81
Trade Details:
There is a trendline breakout from the current levels and price will rise further towards 200 levels. RSI is also bullish and also a major breakout of its last upper resistance. That resistance may acts as a support levels for a small pullback and the price will continue is upside trend.
You can hold the profits and keep trailing your sl for bigger profits if the market sustains it bullish momentum after entry into this trade. Risk Reward Ratio is very good and more than 1:2.5+
Trade, SL, and Target –
Entry = 193.20
Stop Loss = 191.37
Target = 198
Please note: Trail You SL at cost after crossing above its EMA level of 195. You can also add more on pullback with strict SL.
3. Bearish Trade: BorgWarner Inc. (BWA) – 35.61
Facing resistance around its supply zone. It may fall towards its EMA support levels which will be the next support level. RSI is also turning into bearish and reversing from the top over bought zone.
Risk reward ratio is also very good more than 1:3+ and you can hold this trade with trailing SL to secure bigger profits.
Trade, SL, and Target –
Entry = 35.46
Stop Loss = 35.83
Target = 34.27
Please note: Make sure to enter with the negative market sentiment you can wait for first 5-10 minutes to enter.
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