Short Trade: AvalonBay Communities, Inc. (AVB) – 191.14
Trade Details:
- Stock is changing its trend and will fall further towards its lower EMA support levels.
- From higher high pattern it is shifting into lower low pattern. Stock may fall further near 186.
- Trade only if it opens negative otherwise there is a chance of upside continuation in this stock from current price level.
- Must wait for price to trigger our entry levels and keep trailing your SL and hold position for bigger profits.
- Risk reward ratio is also favorable and comes more than 1:3.
Trade SL and Target –
Entry = 191.14
Stop Loss = 192.65
Target = 186.62
Please note: Keep trailing your SL towards its lower levels to secure bigger profits. It may hit 183 also.
Bullish Trade: The Home Depot, Inc. (HD) – 332.88
Trade Details:
Taking support at the lower levels and in very strong upside bullish trend. This is the 2nd time stock is hitting the lower support levels to bounce which increase the chances of breakout in this time. If it takes a pullback and again comes down at the lower support then ignore this trade because after that it may continue to fall further. But to make sure if it bounces higher then keep trailing your stop loss to secure bigger profit. Risk Reward is also more than 1:3
Trade SL and Target –
Entry = 333.25
Stop Loss = 330.29
Target = 342.17
Please note: If you want to trade with high confirmation then enter into this trade only above 335.
SELL TRADE: Edwards Lifesciences Corporation (EW) – 88.61
Stock is reversing from the top and price is trying to fall down towards lower levels. If you want to trade with the confirmation then enter only when it breaks down the lower trendline. Price is already in the uptrend so be strict with the stoploss and don’t go against the trend. Risk Reward ratio is 1;4+
Trade SL and Target –
Entry = 88.61
Stop Loss = 89.36
Target = 85.43
Please note: Stock may opens gaps up so enter when price start falling again after gap up opening. Be strict with SL.
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