BUY Trade: Mondelez International, Inc. (MDLZ) – 71.41
Best Trading
Trade Details:
- This stock is trading at the lower trendline support levels and it will trying to bounce again towards higher levels.
- If you want to trade with high confirmation then enter above its moving average and hold this for bigger targets around 78-80.
- If the market opens a Gap down then it will consolidates near the lower support area so you can enter only after a bounce.
- Price may go sideways because current levels is a very strong support area.
- After crossing above 73 you can trail your stoploss at your entry price.
- RSI is bearish and it will try to reverse from current levels as price hits support.
- Trail your stop loss at entry price after getting a 1:1 risk reward.
- Risk Reward 1:4
Trade, SL, and Target –
Entry = 71.78
Stop Loss = 71.17
Target = 74.22
Please note: If it opens gap down then wait for the bullish sign on 15 min charts and then enter into this trade.
Sell Trade: Ecolab Inc. (ECL) – 216.97
Trade Details:
- Price has opened very big gap up and now it will try to fill the gap and correct itself.
- There is also a support and we are expecting a sharp fall after a breakdown of last green candle.
- Trading far away from its moving average and it will gravitate towards its Moving average line.
- You can keep your stop loss strict because it is in bullish trend and we trade for reversal.
- RSI is near the overbought zone and it will go down slowly towards lower levels from now.
- Risk Reward = 1:5
Trade SL and Target –
Entry = Below 216
Stop Loss = 218
Target = 205.75
Please note: If it opens gap up then wait for the price to triggers our entry levels and only then go short otherwise ignore this trade.
Long Trade: Mid-America Apartment Communities, Inc. (MAA) – 125.09
- There is a trendline breakout and prices may rise rapidly after crossing the last swing.
- It is taking support after the breakout and will go very quickly now.
- Price is also taking support at the previous breakout levels and there is also a bullish sign at bottom with double bottom pattern formation at low.
- Trade only above the entry point otherwise it may reverse to the lower levels.
- RSI is trading near 55 levels and it may go upto 70-75 levels after a small consolidation.
- You can also hold this trade for more than a week if it closes in our favor.
- 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
Trade SL and Target –
Entry = 125.75
Stop Loss = 124.50
Target = 129.50
Please note: Price is at resistance so there is little chance of reversal so be strict with stoploss.
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