Today's Trading Ideas |BUY & SELL| 22 Sept -

Sell Trade: CDW Corporation (CDW) – 205.07

Trading

Trade Details:

Trying to reverse from the upper resistance zone.
The current price is at resistance which acted as a support zone earlier.
Wait to cross the last day red candle or closing price to enter into the trade.
RSI is very negative in a downtrend.
Trail your stop loss at entry price after getting a 1:1 risk reward.
Risk Reward 1:2.5
It is reversing from its 200 EMA which is also a negative sign.

Trade, SL, and Target –

Entry = 204.62

Stop Loss = 206.40

Target = 200.20

Please note: If it opens Gap down then enter only when it triggers our entry price. Exit above its EMA as SL.

This stock is making a pattern of double tops around 109 levels on the hourly charts.
The Top swing will act as our Stoploss in the trade.
RSI was in the overbought zone and is slipping now from the higher levels.
106 is the support zone so it may fall around 106. You can also hold a few quantities after 106 as the overall market trend is negative.
Trail your stop loss to the entry price after getting a 1:1 risk reward below 107.
Risk Reward = 1:2+

Entry = 169.78

Stop Loss = 170.60

Target = 167.30

Please note: You can also hold this trade if the market sentiment is negative and this stock also follows the negative price action.

This stock is now trading at the great support zone on daily charts.
This stock may reverse in the Daily and hourly time frame chart from the strong support levels.
RSI is in an oversold zone and it will bounce very soon.
Strictly follow the Stoploss and Target, when it goes above 265 then trail your SL.
You can hold this trade for a few more days if the market sentiment will be positive.
Risk Reward = 1:2.5+

Entry = 262

Stop Loss = 260.95

Target = 268

Please note: If this stock opens GAP UP then wait to come around 262 levels and then enter with SL.

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