Best Trading Ideas |BUY & SELL| 08 Dec.

BUY Trade: Molson Coors Beverage Company (TAP) – 62.13

Best Trade

Trade Details:

1. This stock has given a trendline breakout from the 60 levels.
2. It may give a pull back so enter only when price triggers our entry levels.
3. You can plan to re-enter into this same trade if it doesn’t executed today.
4. It already gives a trendline breakout and after a small pullback, it may bounce again.
5. RSI is bullish and it may again shoot up towards higher levels
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:2.5
   
   Trade, SL, and Target –

Entry = 62.14

Stop Loss = 61.41

Target = 63.96

Please note: It may go against our favor so be strict with your stoploss and keep trailing your SL.

Bullish Trade: Oracle Corporation (ORCL) – 112.87

Trade Details:

1. There is a support on the lower levels so it may reverse from the rectangular zone.
2. I am planning for a reversal from the current levels towards the last upper range.
3. You can hold this trade for more than 2 days for the bigger target levels around 120.
4. You must trail your stoploss when it crosses 114.20
5. RSI is reversing from the lower levels and it must go to higher levels of 117.
6. Risk Reward = 1:2+

Trade SL and Target –

Entry = 113.15

Stop Loss = 111.75

Target = 116.36

Please note: To enter into this trade wait for the price to trigger our entry levels because it is trading at resistance.

Reversal Trade: Fox Corporation (FOX) – 27.33

1. This stock is taking support at the lower levels and it will bounce towards the upper trendline.
2. If it opens gap down then ignore this trade and it may go down further.
3. If you want more confirmation on trade then trade only if the market sentiment is positive.
4. RSI is trading at 42 so a bounce is expected in RSI and price will move accordingly.
5. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
6. Risk Reward = 1:2+

Trade SL and Target –

Entry = 95.23

Stop Loss = 96.12

Target = 92.08

Please note: This trade is for a reversal from the current support levels to the last upper high trendline area which will acts as a support zone. 

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