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HomeTrading IdeaBest Trading Stocks Ideas For 15 Dec

Best Trading Stocks Ideas For 15 Dec

Buy Trade: EOG Resources, Inc. (EOG) – 120.60

Best Trading

Trade Details:

  1. The hourly charts shows a perfect breakout setup and a nice pullback after breakout.
  2. It is retesting its breakout levels after a breakout which increases the chances of upside momentum.
  3. Around 120 there is s support, so it may slip towards its last lower swing but you can make a fresh entry again when it triggers our entry price.
  4. Trade only after it crosses the last upper swings.
  5. Volumes are also good at breakout levels and it will ensure the strong bullish sign in this stock.
  6. RSI is trading in the bullish area and still has the room for upside towards 70-80 levels.
  7. You can hold this trade for a few days for a better move if it closes in our direction.
  8. Risk Reward 1:2.5+

    Trade, SL, and Target –

Entry = 121.45

Stop Loss = 120

Target = 125

Please note: Enter into this trade only after the price crosses above the last upper swing for the perfect technical setup.

Bullish Trade: Devon Energy Corporation (DVN) – 44.99

Trade Details:

  1. Stock is trading at the breakout levels and on the hourly charts it has already given a breakout.
  2. Very good technical setup is found at the breakout levels for upside direction.
  3. Volumes are also high at the breakout levels.
  4. trendline breakout on the hourly and daily charts.
  5. You can hold this trade for the bigger targets.
  6. Enter into this trade only if it crosses above the last upper swing.
  7. RSI is taking a pullback and it will try to bounce again towards higher levels.
  8. Risk Reward = 1:3

Trade SL and Target –

Entry = Above 45.50

Stop Loss = 44.85

Target = 47.50

Please note: Trade only after confirmation because it may fall aggressively if you enter before confirmation.

Long Trade: Etsy, Inc. (ETSY) – 83.26

  1. Formation of double bottom pattern on the hourly charts. It may bounce again towards last upper swing levels.
  2. It is trading in a formation of higher high pattern and now it is at levels where buyer will be activated.
  3. Its EMA and last swing support are at the current price. So it may accumulate buyers here.
  4. RSI is also bullish and seems like giving a breakout at the current levels.
  5. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price goes above 83.50
  6. Risk Reward = 1:3

Trade SL and Target –

Entry = 83.79

Stop Loss = 82.90

Target = 86.50

Please note: You can re-enter into this trade again if it doesn’t work at first time but only after our entry price triggers.

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