CFD Trading – Buy Seagate Technology PLC (STX.NAS) @ $62.10. Stop @ $59.80 and Target @ $66.00.

After reaching a high of  $66.02 on 17 December 2020, price has been on a decline. The decline may have found support at the Base line. There was a Morning Star candlestick price pattern which is a hint that the correction may be ended. Lagging Span is above price of 26 days ago and  above the cloud, confirming the bullish trend.  MACD lines may be declining but both lines of MACD are above the zero line, which is a sign of a bullish price trend. We see the end of a correction and test of the previous high at $60.02 and likely beyond this high before the rally ends.

$62.10              Buy
$66.00              Price Target
$59.80              Risk Management Stop
3 weeks            Trade Duration

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