Best Trading Ideas |BUY & SELL| 12 Dec -

Short Trade: Archer-Daniels-Midland Company (ADM) – 75.08

Best Trading

Trade Details:

This stock is consolidating in a fixed range and we are planning to sell at resistance and just make an entry at resistance level to short.
If the market opens a Gap Up then it may move again to the higher levels. So, ignore it in case of a gap-up opening.
It may try to hit its lower support area again near 73 levels.
After crossing above its EMA you can trail your stoploss at your entry price.
RSI is resisting and currently trading at 65. It must be reversed to lower levels.
Trail your stop loss at entry price after getting a 1:1 risk reward.
Risk Reward 1:2.5

Trade, SL, and Target –

Entry = 74.85

Stop Loss = 75.57

Target = 73

Please note: If it is giving a breakout above the rectangular zone then don’t enter into this trade. Trade only in downside price action.

This is trading at the upper resistance levels of trendline and it must be reverse to lower levels soon.
If it opens gap up then trade only after the price crosses below our entry price.
Until it is trading above 69, it will in a bullish price action.
Falling below its EMA makes it weaker on the hourly charts. so, you can also hold this trade with trailing stoploss at EMA.
You can keep your stop loss strict because it is currently in an uptrend and we are planning for reversal.
RSI is in the overbought zone and it is going down slowly.
Risk Reward = 1:3

Entry = 68.70

Stop Loss = 69.85

Target = 65

Please note: This stock has high percentage of Risk & Reward so trade with the best suitable position sizing.

This stock is in a strong uptrend and currently taking support at its EMA.
It is going to cross it EMA levels then the price will turn negative so enter only above EMA.
Price also takes support at the previous support levels of 123 levels.
We are trading this after a small pullback for uptrend because its overall trend is strongly positive.
Trade only above the entry point otherwise it may reverse to the lower levels.
RSI is trading at 56 levels and it may go upto 70-75 levels.
Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
Risk Reward = 1:3

Entry = 123.50

Stop Loss = 122.65

Target = 126.50

Please note: It may opens gap down so wait for the price to convert into bullish and crosses 123.50 to make an entry.

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