Tag: CFD USD Trading Note

CFD Trading – Sell Royal Caribbean Cruises Ltd (RCL.NYS) @ $69.85. Stop @ $76.05 and Target @ $62.70.

Nicholas

Royal Caribbean Cruises Ltd Stock Code RCL.NYS

Outlook

Price close below the cloud two trading sessions ago, changing the chart outlook to bearish. In the previous trading session, price close below the cloud, confirming the bearish price trend. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish price trend.  MACD is bearish and hinting at a bearish price trend.

Strategy                  

$69.85                Sell

$62.70                Price Target

$76.05                Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Ishares Gold Trust (IAU.NYS) @ $34.80. Stop @ $33.90 and Target @ $36.00.

Nicholas

 ISHS Gold Trust Stock Code IAU.NYS

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Price also created an Ichimoku V-shaped breakout which has a price target at $36.04. The conversion and base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish and moving higher, hinting at a bullish price trend. We think price is likely to move higher to the Ichimoku V-shaped price projection target at $36.04 in the next 2-3 weeks.

Strategy                  

$34.80                Buy

$36.00                Price Target

$33.90                Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy DTE Energy Company (DTE.NYS) @ $124.50. Stop @ $120.20 and Target @ $135.50

Nicholas

DTE Energy Company Stock Code DTE.NYS

Outlook
After reaching a high of  $135.60 on 17 November 2020, price has been on a decline. The decline has reached the upper edge of the cloud where it is finding support, keeping the uptrend intact. Price has also managed to stay above the uptrend channel. Lagging Span is just above price of 26 days ago and  above the cloud, confirming the bullish trend.  Both lines of MACD are below the zero line but the fast line is turning up and moving towards the slower line. If they meet we will have a bullish crossover hinting that the corrective decline is over and the uptrend is likely to resume.

Strategy                  
$124.50              Buy
$135.50              Price Target
$120.20              Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy Baidu Inc. (BIDU.NAS) @ $159.00. Stop @ $148.10 and Target @ $179.10

Nicholas

Baidu Inc.  Stock Code BIDU.NAS

Outlook
Recently price broke above a recent high and triggered a V-shaped reversal, hinting of more price upsides ahead.  Conversion and Base lines had bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both its lines high above the zero line, hinting of a strong bullish trend. We think the uptrend is likely to continue towards the Ichimoku V-shaped price projection target of $170.10.

Strategy                  
$159.00              Buy
$179.10              Price Target
$148.10              Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy Eli Lilly And Co (LLY.NYS) @ $147.90. Stop @ $142.70 and Target @ $155.90

Nicholas
Eli Lilly and Company Stock Code LLY.NYS

Outlook
Price broke above the cloud three days ago and could be moving higher. Price also broke above a Triangle chart pattern and closed above the Triangle trend line, which could be a first hint of a bullish price trend towards $160.00. Conversion line and Base line had a bullish crossover earlier, confirming the bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is bullish and rising and a bullish crossover was seen earlier. If price can hold above the $147, we think price is likely to head higher to the next resistance point at $156 or $160 in the next few days.

Strategy                  
$147.90              Buy
$155.90              Price Target
$142.70              Risk Management Stop
3 weeks              Trade Duration