Best Stocks to Trade |BUY & SELL| 04 Dec.

Bearish Trade: The Hartford Financial Services Group, Inc. (HIG) – 77.81

Best Stocks Bearish

Trade Details:

Bearish Trade

1. Formation of double top and it will try to reverse from the top to bottom levels around 75.
2. Price is stretched too much it may try to five a pull back in which we trade for the small target of 3%.
3. There is also a trendline support so ensure that you can trail your stoploss after crossing 76.50
4. The last upper swing will act as the stop loss and resistance. But trade only below 77.60 and in downward direction.
5. RSI is sloping towards lower levels. It may go towards oversold zone.
6. Keep your SL strict and trail accordingly.
7. Risk Reward 1:4.8
   
   Trade, SL, and Target –

Entry = 77.60

Stop Loss = 78.14

Target = 75

Please note: If this stock starts trading above the last upper swing then must exit because it may reverse very sharply. And for confirmation short below its EMA (77.50)

Bullish Trade: The Clorox Company (CLX) – 143.84

Trade Details:

1. This stock is trying to give a breakout above 144.50. So we are expecting a move towards 150+
2. This is trading in a consolidation zone so on breakout it will shoot up like a rocket.
3. There is also a hammer candle at bottom which indicates the bullishness in the stock.
4. EMA is giving a good support levels at current price levels.
5. The last three candles show bullish strength for the upside direction.
6. RSI is also in the bullish trend and it is trading flat for now but may give a breakout soon.
7. Trail your stop loss to the entry price after getting a 1:1 risk reward.
8. Risk Reward = 1:5

Trade SL and Target –

Entry = 144.59

Stop Loss = 142.92

Target = 152.90

Please note: Enter only after a breakout above 144.60. Keep your stoploss trailed above 147.50

Long Trade: Moderna, Inc. (MRNA) – 79.83

1. Last trading day it showed a very big upside and now we are planning for a breakout.
2. There is a very bullish candle called hammer candle and it will in a a strong uptrend.
3. This chart looks like it will hit the upper levels of 85 as soon as it crosses above 80.45
4. Trade only if this stock opens flat and gives upside momentum otherwise it may start pulling down to lower support.
5. RSI is trading flat it will give a breakout and shoot upto 75 levels.
6. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk-reward on your trade.
7. Risk Reward = 1:5+

Trade SL and Target –

Entry = 80.43

Stop Loss = 79.49

Target = 85.45

Please note: Enter when one green candles closes above the last resistance levels of 80.43

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