Best Trading Ideas |BUY & SELL| 22 Nov.

BUY Trade: The Procter & Gamble Company (PG) – 149.61

Best Trading

Trade Details:

1. This stock seems like reversing from the lower support levels of 150.
2. 150 price level is also act as a psychological support level which increases the chance of upside reversal.
3. If the market opens a Gap down then it may resist for little long at 150. You must enter into trade if it only crosses above our entry price.
4. Ignore this trade if this stock gives a breakdown below the last lower swing of 148.80
5. RSI is trading flat and try to reverse from the oversold area towards upside.
6. Trail your stop loss at entry price after getting a 1:1 risk reward.
7. Risk Reward 1:3+
   
   Trade, SL, and Target –

Entry = Above 150

Stop Loss = 148.79

Target = 153.84

Please note: Trade only if price crosses above 150 and if you want to enter with high confirmation then trade above its Moving average 150.72 levels.

Sell Trade: The Kraft Heinz Company (KHC) – 34.15

Trade Details:

1. Facing resistance at the upper trendline resistance level for the third time.
2. There is a trendline from the upper levels and it may respect its trendline as the resistance.
3. And, the lower trendline will also act as a support levels which is also our final target for this trade.
4. Falling below its 200 EMA makes it more weaker on the hourly charts.
5. You can keep your stop loss strict because if it goes above the upper trendline then it will become bullish and go against our favor.
6. RSI is in the overbought and currently heading towards 40 – 30 levels.
7. Trail your stop loss to the entry as it goes below 200 EMA.
8. Risk Reward = 1:3

Trade SL and Target –

Entry = 34.10

Stop Loss = 34.35

Target = 33.35

Please note: Enter into trade only after it triggers our entry price and be ready with you SL. Ignore if it goes above the upper trendline.

Long Trade: Las Vegas Sands Corp. (LVS) – 49.44

1. This stock is consolidating in a range from last few days and we are planning for a breakout from current levels.
2. If it gives a breakout then it will touch its upper trendline resistance which is our target price.
3. It is going towards it EMA levels around 49 which will act as a resistance level.
4. Trade only above the entry point otherwise it may reverse to the lower levels.
5. RSI is trading at 55 levels and it may go up again up to 70 levels. Currently RSI is Flat and will give a bounce soon.
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 = 1:4+

Trade SL and Target –

Entry = 49.50

Stop Loss = 49.19

Target = 50.75

Please note: If it opens Gap Down then wait for the entry price to trigger then enter into trade with strict SL.

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