Best Trading Ideas |BUY & SELL| 22 Dec

BUY Trade: Edwards Lifesciences Corporation (EW) – 74.95

Best Trading

Trade Details:

1. This stock is in strong uptrend and moving forward after taking support at its EMA levels.
2. If the market opens a Gap down then it may show correction in price otherwise it will bounce from current levels.
3. Ignore this trade if this stock doesn’t reverse and fall again after gap down opening. Enter only on upside reversal and price crosses above 75.20
4. RSI is in trading flat and consolidating in a range bound levels, it may shoot up soon to higher levels.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:4.5+
   
   Trade, SL, and Target –

Entry = 75.21

Stop Loss = 74.40

Target = 79

Please note: Wait for the price to trigger our entry levels to make an entry into this trade. Ignore in case of Big Gap down opening.

Bullish Trade: Molina Healthcare, Inc. (MOH) – 358.23

Trade Details:

1. This stock is trading at its lower channel and it will shoot up towards higher levels again above 360.
2. As soon as it crosses above its EMA 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.
6. There is also a support zone on lower levels from where the stock is reversing.
7. Risk Reward = 1:3+

Trade SL and Target –

Entry = 360.13

Stop Loss = 357.18

Target = 369.75

Please note: This trade may reverse just after opening so make entry only after it crosses above its EMA and start sustaining the price levels above 360 for 5 minutes.

Long Trade: Fox Corporation (FOX) – 27.89

1. This stock is trying to give a breakout from the upper trendline and it will move towards 29.50
2. This trendline has resisted so many times and now there is high chances of breakout.
3. If it sustain above its EMA levels which is acting as a resistance level then 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 at higher levels and it may give a small pullback and after that it will bounce again to higher levels.
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

Trade SL and Target –

Entry = 28

Stop Loss = 27.74

Target = 28.68

Please note: Price may come down towards the yellow zone area so enter only above the trendline breakout and be strict with stoploss.

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