Best Stock Picks |BUY & SELL| 10 Nov

Short Trade: Live Nation Entertainment, Inc. (LYV) – 86.14

Best Stock Picks

Trade Details:

1. It may reverse from the upper resistance level of 88 and heading toward 83 level.
2. This is also a 50% retracement level which indicates it high reversal probability.
3. Trail your SL at entry price when it touches its EMA level.
4. If you trade for high accuracy then wait for the price to go below 85.
5. RSI is trying to reverse from 80 levels which is at the higher zone around overbought 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 = 85.93

Stop Loss = 86.53

Target = 83.50

Please note: Enter into a trade when it triggers our entry price in a downward direction. If it opens gap down and reverses to higher level then wait to turn around.

Long Trade: Capital One Financial Corporation (COF) – 104.49

Long

Trade Details:

1. This stock has given a breakout and come again at a breakout level and now preparing for a bounce.
2. It may try to hit the last higher swing around 108 levels.
3. This is in a very strong uptrend.
4. Taking support at its EMA and it will bounce again to higher levels.
5. RSI is good & taking support at lower levels, it may shoot up soon.
6. Don’t trade in case of a gap-down opening.
7. Risk Reward = 1:3.5
8. If market sentiment is negative then don’t enter into the trade.

Trade SL and Target –

Entry = 104.72

Stop Loss = 103.93

Target = 107.48

Please note: Ignore this trade if it opens a gap down or opens below its support level of 104.

Bearish Trade: Ross Stores, Inc. (ROST) – 122.37

1. Currently resisting at the very strong upper resistance zone.
2. If overall market sentiment becomes negative then it will fall sharply.
3. This stock is in uptrend so keep your SL ready and keep trailing.
4. It will try to fall toward its 200 EMA which will act as a support zone.
5. If it opens GAP Up above the range then ignore this trade.
6. RSI is at the overbought zone and reversing from the upper levels.
7. Risk to Reward Ratio = 1:4

Trade SL and Target –

Entry = 121.85

Stop Loss = 122.77

Target = 118.15

Please note: Trail your stoploss when it reaches 120 levels because it may reverse from that level.

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