- Bullish Trade: Arthur J. Gallagher & Co. (AJG) – 245.58
Trade Details:
Stock has fallen down so much from its higher level and currently price is trading the the lower trendline support levels. There is a bounce expected towards it upper zone and its EMA will also act as a support for its price.
RSI is trading at the oversold zone at 21 levels and most probably it will bounce towards 50-70 the price will hit 250.50 which is its next resistance level. Risk reward Ratio = 1:4
Trade, SL, and Target –
Entry = 246.35
Stop Loss = 244.50
Target = 252.50
Please note: If you want to trade with full confirmation then enter above its EMA resistance of 247.25 levels.
2. Buy Trade: MSCI Inc. (MSCI) – 551.354
Trade Details:
This is the fourth time MSCi is taking support at the same levels and again this will bounce towards higher level. Its EMA is far above from current price so that will acts as its first resistance levels for this stock.
RSI is also turning into a positive trend and price is preparing for the next upmove. Keep trailing your stoploss as price starts increasing.
Trade, SL, and Target –
Entry = 553.70
Stop Loss = 548.92
Target = 568
Please note: Trade only after it triggers our entry level and keep trailing SL after its EMA levels.
3. Long Trade: Robert Half Inc. (RHI) – 78.35
Trade Details: Stock seems bullish from the current levels and price will bounce again towards higher levels. Currently trading at the lower support zone and volumes are also increasing from the current zone.
Stock will bounce above its EMA levels which is at 80 so we will trail SL to aim bigger targets.
Trade, SL, and Target –
Entry = 78.75
Stop Loss = 78.19
Target = 81
Please note: Make sure to enter above 78.75 levels and ignore in case of gap down opening.
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