- Buy: Host Hotels & Resorts, Inc. (HST) – 20.32
Trading at lower trendline support and preparing for the bounce and this will be a good recovery in this stock price.
There is also EMA support and along with the market sentiment the price is very strong if it does not reverse at the opening hours.
Entry= 20.34
StopLoss= 20.19
Target = 20.82
Risk-Reward = 1:3+
Please Note: If it opens negative then we have to wait for entry and enter only after price triggers our levels.
2. Sell: Freeport-McMoRan Inc. (FCX) – 13.96
Stock is trading at its last resistance levels if market tries to fall then we will definitely see a good selling pressure and RSI is also trading in the overbought zone so it will try to hit lower levels.
Entry= 48.30
StopLoss= 48.82
Target = 46.50
Risk-Reward = 1:3+
Please Note: Wait for negative price breakdown confirmation to enter and keep trailing our SL.
3. Short: Kellanova (K) – 57.67
Stock is in uptrend and taking resistance at its last swing and preparing for the good reversal from top and RSI is also turning into bearish and on the daily time frame this stock will turn bearish as well.
Volumes are constantly increasing from past few days which indicates the interest of buyers because price is also positive.
Entry= 57.50
StopLoss= 58.01
Target = 56.03
Risk-Reward = 1:3
Please Note: Stock may bounce little higher but trade when it triggers our entry level and make sure to keep ready your stop loss.
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