CFD Trading – Sell Seagate Technology Inc (STX.NAS) @ $95.55. Stop @ $102.20 and Target @ $85.20.

Seagate Technology PLC Stock Code STX.NAS


Price broke below the cloud in the previous trading session, changing the chart outlook to bearish.  Price also broke below a recent low, creating an Ichimoku reversal with a V-shaped price projection target at $81.13. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD has a bearish crossover, hinting at a bearish price trend. MACD had also given a divergence warning when price hit the peak. If price is unable to move above the cloud, it could be heading towards the support at $85.20.


$95.55                Sell

$85.20                Price Target

$102.20              Risk Management Stop

3 weeks              Trade Duration

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