Bearish Trade: Fair Isaac Corporation (FICO) – 859.54
Trending Stocks Bearish trade
Trade Details:
- As it breakdown the lower trendline, It may fall very sharply from the upper levels.
- This stock is trading in a channel and it may go down to 200 EMA.
- It will touch the lower channel around 830 levels.
- You can try more than once in this stock because this trade has very small risk with high reward.
- RSI is also turning downward and it will fall below 50 level.
- Trail your stop loss at entry price after getting a 1:1 risk reward.
- Risk Reward 1:3.5
Trade, SL, and Target –
![](https://desieconomist.com/wp-content/uploads/2023/08/fico-14-1-1024x462.png)
Entry = Below 859.40
Stop Loss = 868
Target = 830.20
Please note: There is also a trendline on the upper side. You must Exit if it crosses the upper trendline.
Bullish Trade: Ameren Corporation (AEE) – 80.91
Trade Details:
- This stock may reverse from the lower support zone which is in the rectangular zone.
- Trade only if it breaks the Rectangular Support zone on the upside.
- RSI is at 36 levels and it may go up to the higher levels.
- Trail your stop loss to the entry price after getting a 1:1 risk reward.
- It is taking support at very long time support zone.
- Risk Reward = 1:2+
![](https://desieconomist.com/wp-content/uploads/2023/08/AEE-14-1024x460.png)
Trade SL and Target –
Entry = Above 81.30
Stop Loss = 79.70
Target = 85.30
Please note: You can see the trendline on 1-hour time frame chart, After the trendline breakout it may shoot up to its 200 EMA. Don’t Trade below the trendline.
Long Trade: IQVIA Holdings Inc. (IQV) – 219.83
- It has given a recent breakout and now its a small pullback to the breakout levels.
- It is the perfect price action of upside direction. This stock may touch the last high.
- This lower trendline acts as a support level for this stock.
- we are seeing a good green candle which shows more interest from buyers in this stock.
- Our entry price will triggered if this stock crosses the 200 EMA levels, which increase the more chances of Upside.
- RSI is flat now and it may shoot up very quickly and a plus point is : it is sustaining the level of 50 on RSI
- Risk Reward = 1:3+
![](https://desieconomist.com/wp-content/uploads/2023/08/iqv-14-1-1024x428.png)
Trade SL and Target –
Entry = Above 220.18
Stop Loss = 218.92
Target = 224
Please note: You can re-enter in this stock if it hits the SL in opening volatility or wait for the first 10 minutes after market opening to execute the trade.
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