Best Trading Ideas |BUY & SELL| 19 July

Bullish Trade: Alaska Air Group, Inc. (ALK) – 53.42

Trade Details:

1. Stock is following the trendline support in the process of uptrend.
2. Enter into a trade if it crosses above 53.55
3. Reverse from 200 EMA support zone.
4. Rsi is very good, around 52 levels.
5. You can Trail your stop loss at entry price after getting 1:1 risk reward.
6. Risk Reward 1:2+
7. You can also hold this trade for 56 but with a trailing stop loss around
   
   Trade, SL, and Target –

Entry = 53.55 (if triggered)

Stop Loss = 52.95

Target = 55 & 56

Please note: Don’t trade in case of Gap up or gap down opening. You must have to exit if it closes below the trendline because it may touch it’s 200 Exponential Moving Average around 51.50

Long Trade: Exxon Mobil Corporation (XOM) – 100.92

Trade Details:

1. Stock is trading at a lower support zone it may reverse to upper levels.
2. It can touch the upper trendline which is resistance.
3. You can re-enter in this trade if it hits your stop loss first and again cross the entry price.
4. This stock has a high resistance zone in upper levels. So, you must exit around 106-107 levels
5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
6. Risk Reward = 1:3 & 1:4

Trade SL and Target –

Entry = Above 101.50

Stop Loss = 100.47

Target = 104.70 & 106.50

Please note: Don’t trade if its stock opens Gap Down. Re-enter in this trade if it hits your stop loss first and then moves towards our target. We can see the double bottom pattern in case of re-entry.

Short Trade: Caterpillar Inc. (CAT) – 263.81

1. CAT will try to touch the lower trendline support around 260 levels.
2. Its 200 Exponential moving average is at 243.50 which is very far from its current market price.
3. This trade has a 1:3 risk-reward ratio.
4. RSI is in the overbought zone, which may correct to the lower levels as price slopes.
5. This stock is in an uptrend, you have to follow a strict stop loss at 264.25 and don’t hold this trade if market sentiment is against this stock.

Trade SL and Target –

Entry = Below 263.20

Stop Loss = 264.25

Target = 260

Please note: This is contra-trade, we trade against the market trend. So, follow the stop loss strictly and don’t hold this trade.

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