Tag: CFD US Trading Note

CFD Trading –Buy Procter & Gamble Co. (PG.NYS) @ $146.00. Stop @ $142.60 and Target @ $153.60.

Nicholas

Procter & Gamble Stock Code PG.NYS

Outlook

Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside 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 $153.62 in the next 2-3 weeks.

Strategy                  

$146.00              Buy

$153.60              Price Target

$142.60              Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Buy Adobe System Inc. (ADBE.NAS) @ $374.90. Stop @ $360.60 and Target @ $402.20.

Nicholas

Adobe System Inc. Stock Code ADBE.NAS

Outlook

Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD has a bullish crossover and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous high at $402.27.

Strategy                  

$374.90              Buy

$402.20              Price Target

$360.60              Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Sell HP Inc. (HP.NYS) @ $28.30. Stop @ $29.40 and Target @ $25.90.

Nicholas

HP Inc. Stock Code HPQ.NYS

Outlook

Price tested the cloud on three occasions but was unable to move above the cloud, with the lower edge of the cloud providing stiff resistance to the price rally. Base line is also providing another layer of resistance. We think price may not be able to move above both resistances to change the outlook to bullish. Conversion and Base lines remain in a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both lines above the zero line. We think price is likely to move lower to the previous price support at $25.90 in the next 2-3 weeks.

Strategy                  

$28.30                Sell

$25.90                Price Target

$29.40                Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Buy Twilio Inc. (TWLO.NYS) @ $62.90. Stop @ $59.80 and Target @ $74.40.

Nicholas

Twilio Inc. Class A Stock Code TWLO.NYS

Outlook

Price managed to stay above the cloud during a price correction keeping the uptrend intact. Price also managed to hold above a previous support level, strengthening the uptrend call. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD remains bullish and is hinting at a bullish price trend. If price is able to stay above cloud, it could be heading towards the previous price high at $75.40 in the next 2-3 weeks.

Strategy                  

$62.90                Buy

$74.40                Price Target

$59.80                Risk Management Stop

3 weeks              Trade Duration

CFD Trading –Sell Phillip Morris Intl Inc. (PM.NYS) @ $98.80. Stop @ $101.80 and Target @ $92.10.

Nicholas

Phillip Morris International Inc. Stock Code PM.NYS

Outlook

Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish with both its lines below the zero line. We think price is likely to move lower to the previous price support at $92.80 in the next 2-3 weeks.

Strategy                  

$98.80                Sell

$92.10                Price Target

$101.80              Risk Management Stop

3 weeks              Trade Duration