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HomeTrading FocusedIntraday TradingBest 3 Trading Stocks Ideas.

Best 3 Trading Stocks Ideas.

Short Trade: Evergy, Inc. (EVRG) – 52.78

Trade Details:

  1. Stock is facing resistance for the third time and price will reverse down again towards its EMA support levels.
  2. If market sentiment continues its negative trend then hold this trade for bigger profits.
  3. But if market is positive then keep the SL strict because after trendline breakdown price will show a quick bounce.
  4. RSI is trading flat and chances of lower levels near 30.
  5. Risk Reward ratio is also good at 1:2.5 but there is high reward with trailing SL.

Trade, SL, and Target –

Entry = 52.59

Stop Loss = 53.01

Target = 51.55

Please note: If it opens gap up the wait for the confirmation of breakdown to enter into this trade. Exit above the trendline with SL.

Long Trade: American Water Works Company, Inc. (AWK) – 120.02

Trade Details:

  1. AWK has already given a breakout above the trendline and price will bounce again towards the last swing high.
  2. There is also its EMA support levels which will help to give a support for further rise in stock price.
  3. RSI is also turning bullish and trying to move further higher levels.
  4. If price reverses from the top then you can wait for entry and enter only when price triggers our entry level.
  5. Risk Reward Ratio is also good more than 1:3. Keep trailing your SL.

Trade SL and Target –

Entry = 120.13

Stop Loss = 119.44

Target = 122.30

Please note: Be strict with stop loss and enter only when price triggers our entry levels. Keep trailing on profit side.

Bullish Trade: International Paper Company (IP) – 38.21

Trade details:

  1. Price is taking support at its EMA levels so you can go long with a small SL.
  2. This is the 3rd time price is hitting the same levels as a support and will try to bounce again towards higher levels.
  3. Volume is also increasing and will try to improve with price increment.
  4. Rsi is bullish and currently trading at 40 and will go up further.
  5. You can trail your SL to increase the profits further.

Trade SL and Target –

Entry = 38.30

Stop Loss = 37.91

Target = 39.48

Please note: Stock will reverse with positive market sentiment so secure profit with trailing SL and aim for bigger profits.

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