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HomeTrading FocusedBest 3 Stocks to Trade Today |BUY & SELL|

Best 3 Stocks to Trade Today |BUY & SELL|

Bearish Trade: Caterpillar Inc. (CAT) – 315.09

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 final target but due to positive market sentiment we have keep our targets small.
  3. If the market sentiment will also turned into negative then we can plan to hold this trade for few more days.
  4. It can give a pullback towards its moving average support levels.
  5. RSI may reverse from the top as it is trading at the overbought zone and will become negative soon.
  6. The stock is trading in a channel and reversing from the upper channel to lower support.
  7. Risk Reward 1:4

    Trade, SL, and Target –

Entry = 314.28

Stop Loss = 317.26

Target = 302.50

Please note: If it opens gap up and crosses above the trendline and horizontal zone then ignore this trade. Enter only after a bearish confirmation on 15 minutes candle.

Bullish Trade: Live Nation Entertainment, Inc. (LYV) – 88.20

Trade Details:

  1. This stock is consolidating in a zone and trying to make descending triangle pattern.
  2. This trading pattern may lead to a big breakout towards the higher levels.
  3. Its volume are also increasing continuously which indicates the buyers interest at current price levels.
  4. After crossing its EMA levels, it may shoot up with high speed towards 90-91 levels.
  5. If it opens the gap down or below the last two candles low or below white line then ignore this trade because after that it may fall sharply.
  6. RSI is trading flat and it may try to give a good breakout son.
  7. Trail your stop loss to the entry price after getting a 1:1 risk reward.
  8. Risk Reward = 1:3

Trade SL and Target

Entry = 88.54

Stop Loss = 87.70

Target = 91

Please note: Be active with your trailing SL. This trade may reverse from the upper white trendline. If it breakout then must hold for bigger target.

Reversal Trade: Otis Worldwide Corporation (OTIS) – 91.50

  1. This stock is now trading at the top resistance level, it may bounce again towards the higher levels.
  2. There is also a higher resistance marked with green rectangular zone which also acts as a supply zone.
  3. It is trading too far from its moving average and may show a pullback towards that levels near 89 which is our first half target.
  4. You can hold this trade for the bigger target of 87 & 85 levels if the overall market sentiment will also become negative.
  5. RSI is reversing from the higher levels and heading towards the lower 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 = 1:4

Trade SL and Target –

Entry = Below 91

Stop Loss = 91.61

Target = 87.62

Please note: This stock may opens gap up so only enter into trade after a breakdown of 91 levels.

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