Best Stocks to Sell & Buy Today | 21 Feb

Long Trade: Old Dominion Freight Line, Inc. (ODFL) – 419.41

Best Trading

Trade Details:

1. This stock taking support at its moving average line so we can expect a bullish momentum from current levels.
2. Trading at the last swing levels which will acts as a support levels for now.
3. Also giving a breakout after consolidating for dew hours.
4. Trade only if it crosses above 420 or available around 415.
5. After hitting the moving average line again there will be a formation of double bottom pattern.
6. Market sentiment may be negative so we have to keep strict stoploss.
7. RSI is in a positive trend and there is a chances of a upside from current levels. Recovering from the oversold zone.
8. Risk Reward 1:4+
   
   Trade, SL, and Target –

Entry = 415.85

Stop Loss = 411.82

Target = 432.40

Please note: It may retest its moving average support against so make sure to re-enter again. If it doesn’t rigger our price then enter into this trade above 420 with low position size.

Bullish Trade: Federal Realty Investment Trust (FRT) – 99.41

Trade Details:

1. It is taking support at its lower support line around 99-100 levels, which is also a psychological levels.
2. Bouncing back from the lower support area after taking a strong support.
3. Trading in a channel and now available at lower support channel so we can expect a good bounce from current levels.
4. If it opens gap down then don’t enter into this trade.
5. You can hold this trade for more than a day if the overall market sentiment is positive and price closed above its EMA levels by the end of the day
6. RSI is bouncing from the lower support or oversold zone towards higher levels.
7. Trail your stop loss at entry price, if it crosses 101.50
8. Risk Reward = 1:4.5+

Trade SL and Target –

Entry = Above 100

Stop Loss = 99.11

Target = 104.25

Please note: Don’t try to make an early entry. If you want to make entry with high confirmation then buy above 100 level. Above 101.50 there will be high confirmation.

Bearish Trade: Dollar Tree, Inc. (DLTR) – 146.29

1. Stock price is respecting its upper resistance levels and try to reverse from that level.
2. Yellow trendline is a high resistance area from where stock may reverse downwards.
3. Our final target will be its moving average line near 130.
4. It is respecting its EMA as a resistance levels so we can expect a sharp fall from current levels.
5. It is heading towards its lower support levels of 140 & then 130.
6. If it start trading above its yellow trendline then ignore this trade.
7. RSI is flat now and trading at upper overbought zone, it may touch it lower zone again.
8. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price crosses below 144
9. Risk Reward = 1:4

Trade SL and Target –

Entry = 145.85

Stop Loss = 147.22

Target = 140.50

Please note: If it closes in out favor then we can keep this trade for next 2-3 days for bigger targets near 130 levels.

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