BUY Trade: NXP Semiconductors N.V. (NXPI) – 243.88
Trade Details:
Trading in a zone and preparing for the next breakout and this stock will bounce again towards higher levels and price will bounce after the breakout of the trendline. Price is also trading at the support levels at its EMA levels and with the positive market sentiment price will breakout the upper trendline resistance and hit the target levels very fast.
RSI is also turning into bullish and moving towards higher levels. Risk Reward ratio is also high as 1:3. Be strict with stop loss.
Entry = 244.41
Stop Loss = 242
Target = 251.60
Please note: Enter only after the breakout levels otherwise price will remain stuck in the zone and will not hit our target level.
Long Trade: CMS Energy Corporation (CMS) – 59.32
Trade Details:
Trading at the lower trendline support levels and price will reverse from this levels towards higher levels. RSI is also settled down at the bottom level and it will show a reversal from that zone towards higher levels.
There is also its EMA support levels and price may correct itself little more but we can expect a good bounce from its EMA support which is near 58.85 level. Risk Reward Ratio is 2:5+
Entry = 59.30
Stop Loss = 58.77
Target = 60.66
Please note: If the reaches near it upper swing then you can trail your SL and hold this trade for few more days for bigger target.
Bullish Trade: Qorvo, Inc. (QRVO) – 114.90
Trade Details:
Trading at its EMA support levels and preparing for the next breakout above the trendline. There is a high probability from the current levels towards the target of higher levels.
RSI is also bullish and preparing for the breakout towards higher levels up to 70-80 levels. Risk Reward Ratio is 1:3 which is good for this trade.
Entry= 115.61
Stop Loss= 114.46
Target = 119.06
Please Note: Trade only above the trendline breakout and keep trailing your SL and aim for bigger targets.
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