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HomeTrading FocusedBest Trading Ideas |BUY & SELL| 13 Feb

Best Trading Ideas |BUY & SELL| 13 Feb

BUY Trade: Moderna, Inc. (MRNA) – 88.72

Best Trading

Trade Details:

  1. This stock is trading in a channel and now trying to bounce from the lower support levels and it will hit the upper trendline.
  2. If the market opens a Gap down then it may show correction in price otherwise it will bounce from current levels.
  3. You can add more quantity at lower levels and hold this trade as a swing trade.
  4. RSI is in trading in the oversold zone and it will bounce quickly towards 50-7- levels.
  5. Trail your stop loss at entry price after getting a 1:1 risk reward.
  6. Risk Reward 1:5

    Trade, SL, and Target –

Entry = 89.18

Stop Loss = 88.41

Target = 93

Please note: If it consolidates or fall little more than you can also add more because this will be a high probability trade and will bounce soon towards higher resistance levels.

Bullish Trade: NRG Energy, Inc. (NRG) – 51.76

Trade Details:

  1. This stock is trading at its lower support levels and it will bounce above its moving average line.
  2. As soon as it crosses above its MA levels or our entry levels after that it will give a quick upside momentum.
  3. Last candle on Daily chart seems very bullish from the current levels.
  4. You can keep your stop loss strict, if you don’t want to take high risks then always trail your stoploss as the price moves forward.
  5. RSI is in reversing from the oversold zone and sure it will come to higher levels again around 70-75. Currently it is near 38.
  6. There is also a support zone on lower levels from where the stock is trying to reverse.
  7. Risk Reward = 1:3.5

Trade SL and Target –

Entry = 51.91

Stop Loss = 51.47

Target = 53.48

Please note: Trade only if it crosses above our entry levels otherwise it may fall further. You can hold this trade for few more days.

Long Trade: Axon Enterprise, Inc. (AXON) – 266.71

  1. This stock will show a good reversal from current levels.
  2. This moving average line will acts as a strong support levels and price will try to reverse.
  3. If it sustain above its moving average levels which is acting as a resistance level then we will see a higher levels.
  4. Trade only above the entry point otherwise it may reverse to the lower levels or stuck in the same lower range.
  5. RSI is trading flat near 47. It will try to hit the upper levels of 75-80
  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 = 1:2.5

Trade SL and Target –

Entry = 267.59

Stop Loss = 264.93

Target = 274.23

Please note: If price opens below its moving average then wait for the entry above 267 otherwise ignore this trade below 265.

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