Top Bearish Stocks of Today | 07 Dec

Short Trade: Evergy, Inc. (EVRG) – 51.95

Best Trading

Trade Details:

1. Selling pressure with a negative market sentiment from the upper horizontal line resistance levels which is also a very good reversal levels for this stock.
2. The lower trendline will act as a support zone and it will reverse after hitting the 50 levels.
3. This stock is reversing towards a lower support of 50 . So, make entry on a red bearish candle.
4. This is the 4th time it is trying to reverse from the upper resistance area.
5. RSI is trading in bullish zone we may see a reversal from current levels.
6. Risk Reward 1:3
   
   Trade, SL, and Target –

Entry = 51.64

Stop Loss = 52.02

Target = 50.53

Please note: Enter only if it reverse from this resistance zone, so enter when price triggers our entry point.

Sell Trade: International Flavors & Fragrances Inc. (IFF)

Trade Details:

1. Formation of double top and it may seems like a reversal pattern as of the current prices.
2. If it crosses the last lower swing then it may fall very sharply.
3. You can hold this trade for more than a week if the overall market sentiment is negative and it crosses below 70 and 65.
4. RSI is also very bearish and it is heading towards lower levels.
5. Overall market sentiment is negative so we can look for selling pressure in this stock.
6. Risk Reward = 1:4+

Trade SL and Target –

Entry = 74.79

Stop Loss = 77.40

Target = 63.80

Please note: This trade will go longer than the expected so trade with patience with strict stoploss.

Bearish Trade: Johnson Controls International plc (JCI) – 55.04

1. Already shows a huge upside momentum so it may fall toward the last breakout levels.
2. Market sentiment is trying to become negative so it may continue with the falling trend.
3. On the hourly charts it seems like a double top formation at current levels so it may reverse towards lower levels.
4. It may fall from the current resistance levels as it will go down towards 53.50 levels.
5. RSI is reversing from the overbought zone 70 and it may fall sharply.
6. Strictly follow the Stoploss and Target and trail your stop loss at cost if the price touches last upper swing.
7. Risk Reward = 1:2.5+

Trade SL and Target –

Entry = 54.98

Stop Loss = 55.52

Target = 53.50

Please note: If it opens Gap up then wait to enter and trade only with the supportive market sentiment.

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