Stock Picks to Trade Now | BUY&SELL | 8 Sept

Bullish Trade: Caesars Entertainment, Inc. (CZR) – 53.37

Stock Bullish

Trade Details:

1. Taking support at the lower trendline which is around 200 EMA.
2. Trading in the zone and it may move towards the upper zone.
3. RSI is flat and it can move upwards around 70.
4. It may speed up if it crosses 200 EMA.
5. Trail your stop loss at entry price after getting a 1:1 risk reward.
6. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = Above 57.52

Stop Loss = 57.10

Target = 58.90

Please note: Don’t trade within first 5 to 10 minutes after market opening. it may hit your SL in opening volatility.

BUY Trade: Qorvo, Inc. (QRVO) – 98.72

Trade Details:

1. It may re-testing the lower strong support zone.
2. Increasing in volume at the Current prices shows strength.
3. Formation of the triple bottom pattern.
4. RSI is ready to shoot up because it trades in an oversold zone.
5. Risk Reward = 1:4.5+
6. You should try to enter again if it hits the SL on the first try.

Trade SL and Target –

Entry = Above 98.72

Stop Loss = 97.76

Target = 103.40

Please note: This trade is of high reward, so it may take more time to complete.

Long Trade: Advance Auto Parts, Inc. (AAP) – 63.39

1. Trading at the lower strong support zone.
2. It may reverse very quickly from the current levels.
3. There is a solid & historical support zone at the CMP.
4. Very far from its EMA and should touch its EMA soon.
5. RSI is in an oversold zone (22) and it may bounce to normal zone.
6. Risk Reward = 1:4+

Trade SL and Target –

Entry = Above 63.75

Stop Loss = 62.91

Target = 67.27

Please note: If it goes down and hits our SL then you must exit because there will be break of strong support zone.

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