Best Trading Ideas |BUY & SELL| 08 April

Short Trade: Cardinal Health, Inc. (CAH) – 109.92

Trade Details:

Stock is trading below its Exponential moving average and price will further fall towards lower support levels. RSI is also in the downtrend and moving towards oversold zone.
There is also a chance of reversal in the stock price but only if the market sentiment will also be positive. So trade with strict stop loss and hold the running profit with trailing SL. Risk Reward Ratio is 1:3.

Entry = 109.80

Stop Loss = 110.70

Target = 107.10

Please note: Be strict with SL and enter only after price triggers our entry levels. Ignore this trade if it opens gap up.

Bullish Trade: KeyCorp (KEY) – 15.06

Trade Details:

KEY is trading at its lower trendline support levels and price will bounce again towards higher levels because it is also taking support at its EMA levels which indicates the bullish reversal.

Stock is trading in a symmetrical triangle pattern and this will try to hit its upper resistance band with a quick bounce. If it breakout further then hold this trade for the bigger profits. RSI is trading flat and trying to turn bullish. Risk Reward Ratio = 1:2.5

Trade SL and Target –

Entry = 15.11

Stop Loss = 14.97

Target = 15.46

Please note: If it opens gap down then ignore this trade and hold for the upside direction with the trailing SL.

Momentum Trade: Iron Mountain Incorporated (IRM) – 78.64

Trade Details:

Stock is trading in a range and will bounce from lower band to upper band. There is also its EMA support at the lower trendline which will acts as a support levels and price will bunce towards higher levels. RSI is flat around 44 and moving upward.

Prepare to trade with a trend. If the market sentiment is positive then trade on the upper side above 78.85 and if market is negative then trade with the bearish trend with strict SL.

Trade SL and Target –

Entry = Below 78.20

Stop Loss = 79

Target = 76

Please note: Trade with the trend and overall market sentiment. Be ready with SL. Manage proper Risk Reward Ratio. You can reverse your Position after hitting SL.

To get regular updates on stocks, please join our Discord community.

Our Articles on Long-Term Stock Analysis

My best read on trading is this Book