Short Trade: Halliburton Company (HAL) – 38.22
Trade Details: HAL is trading at the peak and market also stretched up too much so it may try to drag down the price and stock will fall little bit towards its EMA levels. If stock opens flat then this will be a high confirmation trade and you can try again if it does not workout in first try.
RSI is also becoming negative and seems like falling from the top. If market opens positive then there will be a chance of reversal which will be better for our trade. Risk reward ratio is also favorable of 1:2.5+
Entry = 38.11
Stop Loss = 38.51
Target = 37.38
Please note: Wait for confirmation of bearishness in the price then enter into this trade.
BUY Trade: Bristol-Myers Squibb Company (BMY) – 51.90
Trade Details:
Stock is consolidating in narrow a range and stock will give a very big bounce towards higher levels of 53 to 55 within 1 or2 days with continuing the positive market sentiment.
Taking support at its Moving average support line and bounce from this level will be very strong for the upside.
Trade SL and Target –
Entry = 52.20
Stop Loss = 51.70
Target = 53.75
Please note: Stock is already in the uptrend and try to give a next breakout but be alert if market opens gap down.
SELL Trade: Synchrony Financial (SYF) – 43.37
Stock trading pattern seems like a double top formation on the higher levels and we can expect a good sell off and price will fall towards its EMA support line. RSI is also turning from its overbought zone and price will try to fall soon. Risk reward ratio is more than 1:4. so you can trade this twice if it doesn’t workout in first trial.
Trade SL and Target –
Entry = 43.33
Stop Loss = 43.60
Target = 42
Please note: Stock will fall from the top but if it opens gap up then wait for negative price action to enter into this trade.
To get regular updates on stocks, please join our Discord community.
Our Articles on Long-Term Stock Analysis
My best read on trading is this Book
Trade Details: HAL is trading at the peak and market also stretched up too much so it may try to drag down the price and stock will fall little bit towards its EMA levels. If stock opens flat then this will be a high confirmation trade and you can try again if it does not workout in first try.
Trade Details: HAL is trading at the peak and market also stretched up too much so it may try to drag down the price and stock will fall little bit towards its EMA levels. If stock opens flat then this will be a high confirmation trade and you can try again if it does not workout in first try.
Trade Details: HAL is trading at the peak and market also stretched up too much so it may try to drag down the price and stock will fall little bit towards its EMA levels. If stock opens flat then this will be a high confirmation trade and you can try again if it does not workout in first try.
Trade Details: HAL is trading at the peak and market also stretched up too much so it may try to drag down the price and stock will fall little bit towards its EMA levels. If stock opens flat then this will be a high confirmation trade and you can try again if it does not workout in first try.
Trade Details: HAL is trading at the peak and market also stretched up too much so it may try to drag down the price and stock will fall little bit towards its EMA levels. If stock opens flat then this will be a high confirmation trade and you can try again if it does not workout in first try.