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HomeTrading IdeaTop Stocks to Trade |BUY & SELL| 05 Oct

Top Stocks to Trade |BUY & SELL| 05 Oct

Short Trade: Electronic Arts Inc. (EA) – 120.72

Top Stocks Bearish

Trade Details:

  1. Resisting the upper trendline. It seems to be in bearish mode.
  2. Its EMA is also acting as a resistance for this stock which is around 120.90 levels.
  3. It may retest the lower levels on the trendline.
  4. If it hits our SL then you must exit because it may go opposite very sharply.
  5. Overall market sentiment is negative then you can hold this trade for the next day.
  6. Risk Reward 1:3.5

    Trade, SL, and Target –

Entry = 120.41

Stop Loss = 121.10

Target = 118

Please note: It will take support at a lower trendline so must ensure if the market is negative then hold otherwise you can exit there.

Long Trade: Old Dominion Freight Line, Inc. (ODFL)– 403.16

Trade Details:

  1. This stock is trading in a range and currently moving towards the upper range.
  2. There is a trendline from the lower side, below our SL the trendline will also break so must exit below SL.
  3. Strong price support and psychological Support around 400 levels.
  4. RSI is trying to break out from 50 levels, current RSI is bullish.
  5. Trail your stop loss to the entry price after getting a 1:1 risk reward.
  6. Risk Reward = 1:2.5

Trade SL and Target –

Entry = 403

Stop Loss = 399.85

Target = 412

Please note: The market may open Gap down and then it may bounce very fast. Enter only when price triggered with strict Stoploss.

Buy Trade: Trimble Inc. (TRMB) – 52.30

  1. This stock is falling from the upper resistance and taking support around its 200 EMA.
  2. There is an upper trendline which is also our target price.
  3. 52 levels is also acted as a support line in the past.
  4. RSI is trading around 50 levels and above 55 it may bounce again to the higher levels.
  5. Strictly follow the SL & Target and trail your stop loss around cost after getting a 1:1 risk reward.
  6. Risk Reward = 1:3+

Trade SL and Target –

Entry = Above 52.50

Stop Loss = 52.13

Target = 53.84

Please note: If this stock goes below 52 then it may fall towards 50 levels, so trade according to the price action.

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