Stock Picks to Trade Now | BUY&SELL |30 April

Bullish Trade: Align Technology, Inc. (ALGN) – 304.82

Trade Details:

1. Stock is trading at the lower trendline support which shows the further strength in this stock and price may bounce again.
2. Once it crosses above its EMA then it will shoot up towards the upper resistance levels which is the upper yellow trendline.
3. RSI is also bullish and must hit towards 70-80 levels.
4. Risk reward ratio is also good at more than 1:3
5. Currently it is consolidating and in a pullback phase and will bounce back soon.

Entry = 304.93

Stop Loss = 301.95

Target = 315

Please note: If it opens negative then wait for bullish conformation to enter into this trade above 305.

Bearish Trade: IDEXX Laboratories, Inc. (IDXX) – 505.34

Trade Details:

1. Trading at the upper trendline resistance levels and will try to pulldown from current levels.
2. Current levels will acts as a resistance and price will fall down from the current levels.
3. RSI is also formaing a bearish pattern will slide down towards lower levels.
4. Its earning is also there in next few days so consider it as a high risk and high reward trade.
5. Its EMA level is acting as a resistance for now and price is trying to reverse from its EMA levels.
6. Its a high reward trade on the downside so be keep trailing your SL to secure bigger profits.

Entry = 504.50

Stop Loss = 510.18

Target = 482.22

Please note: If you want to trade with high confirmation then enter into this trade only below 500 levels.

Long Trade: The Progressive Corporation (PGR) – 206.67

Trade Details:

1. Stock is currently taking support at its EMA levels which shows the strength for upside.
2. Its has already breakdown the EMA levels which may leads to further fall but there is low chances of further fall.
3. RSI si reversing from the bottom levels and will bounce towards higher levels.
4. This may give you a higher profit if you keep trailing your stoploss.
5. Volumes are also increasing which shows the accumulation phase in this stock.

Entry = 207

Stop Loss = 205.18

Target = 212.45

Please note: If it cross down the lower swing then you can also reverse the position or simply take SL.

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