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HomeTrading IdeaBest Trading Stock Picks |BUY&SELL| 26 Dec.

Best Trading Stock Picks |BUY&SELL| 26 Dec.

BUY Trade: Equifax Inc. (EFX) – 243.88

Best Stock Picks

Trade Details:

  1. There is a solid support at the current EMA levels area around 242-243.
  2. It may try to reverse from this support zone toward its higher levels around 250 levels which was its last upper swing resistance.
  3. You can keep your stoploss trailing because it may go higher than our target levels if it closes in our favor today.
  4. RSI is trading flat it may shoot up to higher levels towards 75-80 levels.
  5. Trail your stop loss at entry price after getting a 1:1 risk reward or above 247 level.
  6. Risk Reward 1:3+

    Trade, SL, and Target –

Entry = 244.60

Stop Loss = 242.98

Target = 250

Please note: Our stoploss will be its EMA because if price don’t hold EMA then it may fall sharply.

Long Trade: Lennar Corporation (LEN) – 147.42

Long

Trade Details:

  1. This stock is consolidating at its lower levels and it may bounce with the positive market momentum.
  2. There is a small range in which stock is trading from last few days, it may again try to go towards its upper resistance levels of 155
  3. There will be a trendline breakout as we connect the last three upper swings with a trendline.
  4. RSI had been trading flat from the last few days around 45. I think it will shoot up soon.
  5. On the upper side its resistance range is there around 155 levels so try to exit at that levels.
  6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
  7. Risk Reward = 1:3+
  8. If you want to trade with high confirmation then enter into the trade above its moving average line or above last upper swing (hammer candle).

Trade SL and Target –

Entry = Above 148

Stop Loss = 146.38

Target = 154

Please note: This is a high probability trade so you can make entry again if it hits sl in first entry.

Bullish Trade: Marathon Petroleum Corporation (MPC) – 150.40

  1. This stock is trading in very strong uptrend and now taking a pullback so it will bounce soon.
  2. Stock is heading towards lower support level of 150 which is very strong support and price may heads uptrend again.
  3. On the daily charts price has a good support at the current levels. 150 will also act as a psychological resistance levels.
  4. A support zone is also available at the 150 levels which acted as a resistance zone earlier.
  5. RSI is trading around 41 levels it may shoot up again to higher levels.
  6. Risk to Reward Ratio = 1:3

Trade SL and Target –

Entry = 151.76

Stop Loss = 150.40

Target = 155.80

Please note: You can hold this trade for a few more days for bigger targets as we see recovery in the crude oil prices.

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