- Bearish Trade: Molson Coors Beverage Company (TAP) – 66.90
Trade Details:
- Stock is turning from its upper resistance level.
- Current levels will acts as a supply zone and stock may show a good pullback.
- It may fall towards its moving average line which will be our final target.
- Must exit at its EMA support because after that it may bounce again.
Trade, SL, and Target –
Entry = 66.90
Stop Loss = 67.50
Target = 65.40
Please note: Try to trail your stoploss with the momentum and must exit all at lower trendline support.
2. Bullish Trade: CME Group Inc. (CME) – 212.88
Trade Details:
- This stock is reversing after taking support at its trendline support and preparing for a bounce to the upside.
- After crossing its MA line it will show some strength and price may hit 218 to 220 levels.
- If it opens the gap down or below the last candle low then ignore this trade because after that it may fall sharply.
- RSI is turning into bullish and it may touch 75 levels again.
- Trail your stop loss to the entry price after getting a 1:1 risk reward.
- Risk Reward = 1:3.5+
Trade SL and Target –
Entry = 213.20
Stop Loss = 212.39
Target = 216.25
Please note: Ignore this trade if the market sentiment is negative or it opens gap down.
3. Long Trade: PPL Corporation (PPL)– 26.60
Trade Details:
- Taking support at the lower trendline levels and preparing for the next big bounce towards higher level.
- There is also a EMA support after crossing its EMA level it will show more strength further.
- RSI is also trading at the lower bottom support level and will become bullish again.
- Risk reward ratio is also high because there is a high probability of upside from current levels.
Trade SL and Target –
Entry = 26.76
Stop Loss = 26.59
Target = 27.22
Please note: Trade only it triggers our entry level and keep strict stoploss below the trendline.
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