Today Trading Ideas |BUY & SELL|05 Sep

Today Trading Ideas Best

Bearish Trade: Costco Wholesale Corporation (COST) – 544.25

Trade Details:

1. It will reverse from the upper levels with selling pressure.
2. trading below its EMA and formation of a lower low on the 1-hour chart time frame.
3. RSI is also turning downward and it will fall below 50 levels and may continue to fall.
4. Trail your stop loss at entry price after getting a 1:1 risk reward.
5. Risk Reward 1:2.5
6. On daily charts, it reverses from the high resistance zone.
   
   Trade, SL, and Target –

Entry = Below 543.38

Stop Loss = 546.05

Target = 536.58

Please note: Follow the stop loss strictly, you must exit if it goes opposite and cross its EMA.

Short Trade: Applied Materials, Inc. (AMAT)– 153.98

Trade Details:

Trading at the upper resistance level, It may reverse back to the lower levels.

Ignore this stock if it goes above 155.

It is very far from its EMA. It may come down to the lower levels.

RSI is trading flat in the overbought zone.

Risk Reward Ratio = 1:3

Trade SL and Target –

Entry = Below 153.43

Stop Loss = 154.55

Target = 150.06

Please note: Exit or ignore this trade if prices exceed 154.60 and keep trailing if it goes in our favor.

Bullish Trade: QUALCOMM Incorporated (QCOM) – 115.36

1. Stock is crossing its 200 EMA.
2. It is the perfect price action in the upside direction if it crosses above the last swing high of 115.76
3. Lower trendline support.
4. This lower swing of 114.80 acts as a support.
5. RSI is looking bullish, currently at 66 levels.
6. Risk Reward = 1:2.6

Trade SL and Target –

Entry = Above 115.77

Stop Loss = 114.81

Target = 118.32

Please note: Trail your stop loss at cost after getting 1:1 R:R. Follow the SL strictly.

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