Best Stocks to Trade |BUY & SELL| 14 Dec

Bearish Trade: Skyworks Solutions, Inc. (SWKS) – 108.97

Best Stocks Bearish

Trade Details:

1. Taking Resistance at the upper trendline, it may fall again as per past price action records.
2. It may fall towards its moving average line as our first target.
3. It can give a pullback towards its 100 psychological support levels.
4. RSI may reverse from the top as it is trading at the overbought zone and will become negative.
5. The stock is in a major negative trend on the long time frame chart.
6. Risk Reward 1:3+
   
   Trade, SL, and Target –

Entry = 108.30

Stop Loss = 110.52

Target = 101

Please note: If it opens gap up and crosses above the trendline and horizontal zone then ignore this trade.

Bullish Trade: Union Pacific Corporation (UNP) – 236.69

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 upper trendline resistance.
3. After crossing its EMA levels, it may shoot up with high speed towards 245 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. RSI is trading bullish and it may touch 80 levels.
6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
7. Risk Reward = 1:3

Trade SL and Target –

Entry = 237

Stop Loss = 234.90

Target = 242.50

Please note: Enter only after it triggers our entry price and don’t enter in a downward price action.

Reversal Trade: Arch Capital Group Ltd. (ACGL) – 78.78

1. This stock is now trading at the bottom support level, it may bounce again to the higher levels.
2. There is also a higher resistance zone which also acts as a supply zone.
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 82 levels.
5. RSI is reversing from the lower levels and heading towards the upper zone.
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

Trade SL and Target –

Entry = 78.50

Stop Loss = 77.92

Target = 80

Please note: Don’t trade below the support line because it may fall further. We are trading for a bounce/reversal in this stock.

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