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HomeMarket AnalysisBest Trading Ideas |BUY & SELL| 2 Aug

Best Trading Ideas |BUY & SELL| 2 Aug

Short Trade: Lamb Weston Holdings, Inc. (LW) – 103.17

Best Trading

Trade Details:

  1. It is resisting around the upper trendline zone of 103.25
  2. Trade only when it crosses below the last swing 103.05
  3. It will break down the lower trendline and follow up the selling to 101.50 levels.
  4. RSI is turning negative from the upper 55 levels.
  5. Trail your stop loss at entry price after getting a 1:1 risk reward.
  6. Risk Reward 1:3+
  7. You can re-enter in this trade if it didn’t break down the trendline at the first time.

    Trade, SL, and Target –

Entry = Below 103

Stop Loss = 103.52

Target = 101.47

Please note: You can hold this trade for the next trading session if it closes below 102 and the next target would be 100.20

Sell Trade: Generac Holdings Inc. (GNRC) – 153.38

Trade Details:

  1. Breakdown of trendline below 153.
  2. Continuous trading in a flat range and if it breaks down the consolidation then it may go up to
  3. You can keep your stop loss above 154.68
  4. RSI is turning bearish below 48.
  5. Trail your stop loss to the entry as it touches 151.
  6. Risk Reward = 1:4
  7. you can enter after a gap down but when price action converts negative or turns around after 150.

Trade SL and Target –

Entry = Below 153

Stop Loss = 154.68

Target = 147

Please note: Please wait for the price action of short buildup to make an entry in this trade. or Trade when 2nd Red candle close below 1st red candle

Long Trade: Baxter International Inc. (BAX) – 45

  1. This stock is now trading at the support zone and into a rangebound.
  2. As it breaks the trendline it may touch 45.85 levels.
  3. The last closing candle shows more than average volume.
  4. This stock is reversing from the downtrend and changing its pattern into a bullish trend in the short term as if gives a breakout above 45.10
  5. RSI is looking bullish because it is trying to get in an uptrend after a long consolidation zone.
  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 = 1:3.5+

Trade SL and Target –

Entry = Above 45.05

Stop Loss = 44.82

Target = 45.87

Please note: If this stock opens gap down or starts trading below 45.85 then it goes down and this will become short trade for the target of 44.40

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