Best Stock Picks |BUY & SELL| 25 Oct -

Short Trade: Netflix, Inc. (NFLX) – 413.73

Best Stock Picks

Trade Details:

There is a solid Resistance zone on the upper trendline area.
It may try to reverse from that resistance zone toward its lower 21-day EMA support.
These resistance levels were also acted in the past as support levels which increase the chances of reversal.
RSI had shown a spike so there is less probability to sustain at higher levels.
Trail your stop loss at entry price after getting a 1:1 risk reward or below 404 level.
Risk Reward 1:2.8

Trade, SL, and Target –

Entry = Below 410

Stop Loss = 415.22

Target = 390.10

Please note: There is a higher % of Stoploss in this trade. So, maintain the risk with appropriate position sizing.

Long

This stock is consolidating at its lower levels and it may bounce with the positive market momentum.
A small trendline support towards higher levels is visible on the hourly charts.
RSI had been trading flat from the last few days in a specific range of 40 to 46 levels.
On the upper side, there is a resistance of its 21days EMA which may act as a resistance zone or our target price.
Trail your stop loss to the entry price after getting a 1:1 risk reward.
Risk Reward = 1:2.5
If you want to trade with high confirmation then enter into the trade above 370

Entry = 367.83

Stop Loss = 364.95

Target = 375

Please note: Trade only if it triggers our entry price and you can also plan for the selling side if it falls below 364.50

This stock is trading in a range so we are trading for a reversal from the upper channel band.
After breaking 318 level there is a breakdown and the stock will fall sharply to lower levels towards 314 & 310.
A support zone is also available at the 318 levels which acted as a resistance zone earlier but less chance to respect this support.
Enter only if it crosses below 318 levels otherwise, it can reverse anytime above this support level.
RSI is trading around 55 levels it may fall again to lower levels.
Risk to Reward Ratio = 1:3

Entry = Below 318

Stop Loss = 320.68

Target = 310

Please note: Trail your stoploss at entry price when price crosses below 315.

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