Tag: CFD US Trading Note

CFD Trading –Sell IBM Corporation. (IBM.NYS) @ $125.90. Stop @ $129.30 and Target @ $119.90.

Nicholas

Outlook

Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line remain in a bullish crossover . Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the support at $119.90 in the next 2-3 weeks.

Strategy                  

$125.90               Sell

$119.90               Price Target

$129.30              Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Buy Bristol-Myers SQ (BMY.NYS) @ $70.10. Stop @ $67.80 and Target @ $74.60.

Nicholas

Bristol-Myers SQ Stock Code BMY.NYS

Outlook

Price stayed above the cloud in a price correction, keeping the uptrend intact.  In the previous trading session, we saw a gap up in price, which is a hint that the price correction could have ended. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous price high at $74.59 in the next 2-3 weeks.

Strategy                  

$70.10                Buy

$74.60                Price Target

$67.80                Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Sell Teradyne Inc. (TER.NAS) @ $98.00. Stop @ $102.90 and Target @ $91.20.

Nicholas

Outlook

Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line remain in a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is inside the cloud at the moment.  MACD is bearish and is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the support at $91.20 in the next 2-3 weeks.

Strategy                  

$98.00                Sell

$91.20                Price Target

$102.90              Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Sell Danaher Corporation (DHR.NYS) @ $251.80. Stop @ $256.80 and Target @ $236.80.

Nicholas

Danaher Corporation Stock Code DHR.NYS

Outlook

Price went on a rally after reaching a low on 18 March 2023. However, the rally was unable to move above cloud. In the past 3 trading sessions, candlestick price patterns are suggesting price may have reached a turning point. We are likely to see a reversal soon. Lagging Span is above price of 26 days ago but is below the cloud. We think price is likely to be capped by the lower edge of the cloud and could be moving lower to the previous low at $236.75 in the next 2-3 weeks.

Strategy                  

$251.80              Sell

$236.80              Price Target

$256.80              Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Sell SPDR Select Sector Fund – Industrial (XLI.NYS) @ $99.85. Stop @ $101.90 and Target @ $95.20

Nicholas

SPDR Select Sector Fund – Industrial Stock Code XLI.NYS

Outlook

Price has been trying to move above the cloud in the previous three trading sessions but was capped by the lower edge of the cloud, keeping the bearish price trend intact. Conversion line and base line remain in a bullish crossover but could be changing trend soon, as both lines are approaching each other. Lagging Span is below price of 26 days ago but is inside the cloud at the moment.  MACD remains bearish. If price is unable to move above the cloud, it could be heading towards the previous low support at $95.20 in the next 2-3 weeks.

Strategy                  

$99.85                Sell

$95.20                Price Target

$101.90              Risk Management Stop

3 weeks              Trade Duration