Best Stocks to Sell & Buy Today | 20 Nov

Short Trade: Agilent Technologies, Inc. (A) – 113.15

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Trade Details:

1. This stock is resisting the third time on the same trendline and after that it fall down.
2. Trade only if it crosses below our entry price of 113
3. It may fall towards its 200 EMA support as of the first target and then trail your SL at cost for final target of 105.77
4. Its current price is at a very strong resistance zone, If it breaks with the negative market sentiment then it will fall to lower channel of trendline support.
5. RSI is in a positive trend but it is turning downwards towards lower levels.
6. Risk Reward 1:4.5
   
   Trade, SL, and Target –

Entry = Below 113

Stop Loss = 114.55

Target = 105.77

Please note: If you want to enter with high conviction in this trade then enter below its 200 EMA.

Bullish Trade: Molina Healthcare, Inc. (MOH) – 353.31

Trade Details:

1. It is taking support at its lower support line around 352 levels.
2. Bouncing back from the lower support area after taking support.
3. If it opens gap down then don’t enter into this trade.
4. You can hold this trade for more than a day if the overall market sentiment is positive and price closed above its EMA levels.
5. RSI is bouncing from the lower support or oversold zone towards higher levels.
6. Trail your stop loss at entry price, if it crosses 355.
7. Risk Reward = 1:3

Trade SL and Target –

Entry = 354.15

Stop Loss = 360.75

Target = 351.93

Please note: Reversing from strong support zone. Please always trail your SL and put it on cost after price hits its moving average.

Bearish Trade: Hologic, Inc. (HOLX) – 71.87

1. Stock price is respecting its upper resistance levels and reverse from that level.
2. If you want trade with high conviction then enter in this trade only below its EMA level.
3. It is heading towards its lower trendline support levels which is also a good pattern to sell for now.
4. The overall market sentiment is negative. so, we are hoping for the lower trendline retest for the third time.
5. RSI is negative and it may touch it oversold zone.
6. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price touches 71
7. Risk Reward = 1:3

Trade SL and Target –

Entry = 71.78

Stop Loss = 72.32

Target = 70.16

Please note: If it opens Gap Up then ignore this trade and must follow the stoploss strictly.

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