Donaldson Co Inc Stock Code DCI.NYS
Outlook
Price has declined for 3 consecutive days with the past 2 days below the cloud, triggering a bearish trend. Price had a false break above the cloud but that was quickly followed by a reversal and multiple days of price declines. A move below the Base line will accelerate the price decline with MACD about to cross below the zero line, triggering a bearish trend. If price failed to move above the cloud resistance, it is likely to head towards its first support at $46.00 and then to be the Fibonacci 127% target at $43.78
Strategy
$49.20 Short Sell
$43.80 Price Target
$51.60 Risk Management stop
4 weeks Trade Duration
Las Vegas Sands Corp Stock Code LVS.NYS
Outlook
Price broke above the cloud last night with a strong green candle. Price also broke above a recent consolidation high at $62.90 and managed to close at the consolidation high. Price is now above the Conversion and Base lines. Both lines had a bullish crossover earlier. There was also a gap created which is a hint of a strong upward momentum. MACD is bullish and is moving higher, hinting of further price upside. If price can stay above the cloud, it should be moving towards the gap resistance at $67.10, given the strong MACD momentum.
Strategy
$62.90 Buy
$67.10 Price Target
$59.90 Risk Management stop
3 weeks Trade Duration
