- Bullish Trade: Coterra Energy Inc. (CTRA) – 27.84
Trade Details:
Stock is in very strong uptrend and price is giving a small pullback and will bounce again towards higher levels. RSI is also bullish and showing very good strength. It will take support at its EMA levels and show some strength after touching its EMA support levels. Risk reward ratio is 1:2.5
Trade SL and Target –
Entry =Â 27.90
Stop Loss = 27.70
Target =Â 28.40
Please note:Â Enter once it triggers our entry levels otherwise it may drag down further towards lower levels. For more confirmation enter after touching its EMA.
2. Bearish Trade: CME Group Inc. (CME) -212.77
Trade Details:
Stock is in the negative trend and price will fall again from its upper trendline resistance levels. This level will acts as a high resistance levels as this is the trendline resistance and EMA resistance level as well. You can trail your stop loss to secure your profit. The risk reward of this trade is more than 1:3
Trade SL and Target –
Entry = 212.65
Stop Loss =Â 213.95
Target = 207.75
Please note:Â Must Exit at SL above EMA and keep trailing on the downside to catch bigger profit.
3. Long Trade: Cincinnati Financial Corporation (CINF) – 119.17
Price is trading at support level around its EMA zone and will try to bounce again towards higher levels. RSI is also trading near the oversold zone and it will also reverse towards the 50-70 levels which leads the price to follow up and reverse upward.
Stock is already in the uptrend and this is a small pullback and stock is preparing for the bounce again. Volume is also increasing which is also the bullish sign along with the price action.
Trade SL and Target –
Entry =Â 119.30
Stop Loss =Â 118.48
Target =Â 122
Please note: Keep trailing your SL and you can also hold this position for few more days if it closes in green today.
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