Best Stocks to Trade Today |BUY & SELL|

Bearish Trade: IDEXX Laboratories, Inc. (IDXX) – 554.24

Trade Ideas for 11 January 2024

Best Stocks Bearish

Trade Details:

1. Taking Resistance at the upper trendline, it may fall again as per past price action records.
2. It can give a breakdown below the white trendline and then fall sharply.
3. You can hold this trade for few days with the strict trailing stoploss if it closes in our favor.
4. RSI may reverse from the top as it is trading near the overbought zone and will become negative.
5. Below its EMA it will become negative and fall towards last swing support.
6. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = Below 552.50

Stop Loss = 558.17

Target = 535.50

Please note: If you want to trade with high confirmation then trade only if it goes below the white trendline breakdown.

Bullish Trade: Synchrony Financial (SYF) – 37.94

Trade Details:

1. This stock is reversing after taking support at its trendline support and preparing for a bounce to the upside.
2. It is in a very strong uptrend and it may touch the last upper swing resistance.
3. After crossing its EMA levels, it may shoot up with high speed towards 39 levels.
4. If it opens the gap down or below the last candle low then ignore this trade because after that it may fall sharply.
5. If you want to trade with high confirmation then enter only if it crosses above EMA levels.
6. RSI is trading near bottom and it may bounce towards higher levels soon.
7. Trail your stop loss to the entry price after getting a 1:1 risk reward.
8. Risk Reward = 1:3.5

Trade SL and Target –

Entry = 38.10

Stop Loss = 37.78

Target = 39.22

Please note: After opening gap down you must have to wait for the price to triggers our entry levels otherwise it fall further.

Reversal Trade: Delta Air Lines, Inc. (DAL) – 42.34

1. This stock is now trading at the top resistance levels, it may fall again to the lower levels.
2. There is also a higher resistance zone which also acts as a supply zone and stock will go down.
3. It is trading too far from its 200 EMA and may show a pullback towards 200 EMA.
4. You can hold this trade for the bigger target of 39 levels if today it goes below EMA.
5. RSI is reversing from the top levels and heading towards the lower 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 = 1:3.5+

Trade SL and Target –

Entry = Below 42

Stop Loss = 42.34

Target = 40.75

Please note: Enter only below 42 levels otherwise it may go against us. 

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