Top Stocks to Trade |BUY & SELL| 02 Oct

Short Trade: Bio-Rad Laboratories, Inc. (BIO) – 358.45

Top Stocks Bearish

Trade Details:

1. Resisting the upper trendline. It seems to be in bearish mode.
2. It is now at the previous support zone that acts as a resistance for now.
3. Consistent trading in a rectangular zone, it may fall after the breakdown of that zone.
4. If it hits our SL then you must reverse the position because it may go opposite very sharply.
5. You have to wait for confirmation of the breakdown to enter into trade.
6. RSI is flat and fall below 50
7. Risk Reward 1:2.4
   
   Trade, SL, and Target –

Entry = 357.25

Stop Loss = 360.25

Target = 350

Please note: This is contra trade and above 362 it will become bullish for the target of 370 with the SL of 358. (R:R=1:2)

Long Trade: Lam Research Corporation (LRCX) – 626.77

Trade Details:

1. LRCX has given a small breakout and after a small pullback, it may become bullish again.
2. It is now so far from its EMA, it may bounce to the upper levels of EMA.
3. Strong support at 625 levels on the hourly chart and there is resistance around 645 which is our target.
4. RSI is bullish and taking a small pullback for retesting higher levels.
5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
6. Risk Reward = 1:2.4

Trade SL and Target –

Entry = 630.55

Stop Loss = 624.37

Target = 645

Please note: Don’t enter into this trade in the first 10 minutes, Enter only when the price is crossing the entry point upwards.

Buy Trade: First Solar, Inc. (FSLR) – 161.59

1. This stock is trading in a big zone.
2. After the breakout, it will skyrocket towards its 200 EMA.
3. Trendline resistance at the current price levels. we enter for trendline breakout.
4. This trade may take time to hit SL and target, it is also a high-risk-reward trade so decrease your quantity in this trade by 50%.
5. RSI is trading flat at around 50 levels and there is also a resistance at 52.
6. Strictly follow the SL & Target and trail your stop loss around cost after getting a 1:1 risk-reward.
7. Risk Reward = 1:4

Trade SL and Target –

Entry = 162.55

Stop Loss = 159.97

Target = 172.86

Please note: This is a high Risk-Reward ratio Trade so manage the quantity and it will take a few days to hit our SL/Target.

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