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HomeUncategorizedTop Stocks to Trade |BUY & SELL| 14 Sept

Top Stocks to Trade |BUY & SELL| 14 Sept

Bullish Trade: Comerica Incorporated (CMA) – 44.20


Trade Details:

  1. Trading in the support area zone. It may reverse to the upper trendline.
  2. As it crosses the rectangular box, it will become more bullish.
  3. RSI is reversing from the oversold area, it can bounce very quickly above 40 (bullish divergence)
  4. Trail your stop loss at entry price after getting a 1:1 risk reward.
  5. Risk Reward 1:2.5+
  6. When you are entering into this trade look at the overall market trend. If the market trend is negative then ignore this trade.

    Trade, SL, and Target –

Entry = Above 44.60

Stop Loss = 43.74

Target = 46.90

Please note: If this stock crosses towards downside the rectangular zone then this may become negative. So, keep the SL strict.

Buy Trade: Morgan Stanley (MS) – 87.25

Trade Details:

  1. Crossing the 200 Day EMA which is a bullish sign for this stock.
  2. You can keep your stop loss below the last candle low.
  3. RSI is very bullish and gives a breakout above 50
  4. MS is trading in a channel and we enter for the upmove till upper trendline resistance zone.
  5. Formation of double bottom on the daily chart.
  6. Trail your stop loss to the entry price after getting a 1:1 risk reward.
  7. Risk Reward = 1:2.3

Trade SL and Target –

Entry = Above 87.82

Stop Loss = 85.98

Target = 92

Please note: EMA acts as a resistance zone. If this stock falls sharply after GAP UP then wait for entry to cross upside EMA.

Long Trade: Mettler-Toledo International Inc. (MTD) – 1126.97

  1. This stock is now trading at the lower support zone.
  2. It is reversing from a support area of 1100.
  3. As it went very far from its EMA, it will come close to its moving average.
  4. After a BIG BAR candle formation it is consolidating and may break out very soon above the consolidation phase.
  5. RSI is looking bullish because it is reversing from the bottom support zone and oversold zone.
  6. Strictly follow the Stoploss and Target and trail your stop loss around cost after getting a 1:1 risk reward on your trade.
  7. Risk Reward = 1:2.8

Trade SL and Target –

Entry = Above 1132.21

Stop Loss = 1119.22

Target = 1169

Please note: This stock is in the consolidation phase so Trade only when it crosses last day high for a quick & big upmove.

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