Tag: CFD USD Trading Note

CFD Trading – Buy Intel Corporation (INTC.NAS) @ $51.95. Stop @ $48.30 and Target @ $59.10

Nicholas
Intel Corporation Stock Code INTC.NAS

Outlook
Price broke above the cloud two day ago and had moved to a high of $52.65 last Friday, which is also the upper range of the gap resistance. Conversion and Base lines are still bullish and had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and inside the cloud at the moment and is unable to give a strong confirmation of the bullish trend at the moment. MACD is bullish and the slow line is about to crossover the zero line, confirming the bullish trend. We think price is likely to move above the gap resistance at $52.65 as the momentum is strong. We see price moving higher to $59.14 in the next couple of weeks.

Strategy                  
$51.95                Buy
$59.10                Price Target
$48.30     Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy APPLE Inc. (AAPL.NAS) @ $122.00. Stop @ $118.80 and Target @ $130.70

Nicholas
Outlook
Price moved above the cloud 2 days ago, which could be a hint that the recent consolidation in share price may have ended and uptrend should be in the initial stage of forming. Conversion line and Base line had a bullish crossover confirming the bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend.  MACD is bullish and a bullish crossover is hinting of a bullish price trend ahead. We see price moving higher to $130.73.

Strategy                  
$122.00            Buy
$130.70             Price Target
$118.90             Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Sell Phillip Morris Intl (PM.NYS) @ $76.40. Stop @ $77.90 and Target @ $73.30

Nicholas

Phillip Morris International Inc.  Stock Code PM.NYS

Outlook
Recently, price twice broke above the cloud but was unable to sustain above the cloud. Last Friday, price broke below the cloud, which could be the beginning of a correction lower to the support at $73.28. Conversion and Base lines are still bullish. Lagging Span is above price of 26 days ago and inside the cloud at the moment. Lagging Span is unable to confirm the bearish trend. MACD is bullish and but a bearish crossover was seen. MACD is moving lower, which could be the start of a bearish price trend. We think price is likely to move lower towards the support level at $73.28.

Strategy                  
$76.40               Trading Sell
$73.30                Price Target
$77.90                Risk Management Stop
2 weeks              Trade Duration

CFD Trading – Buy Shopify (SHOP.NYS) @ $1030.00. Stop @ $1006.00 and Target @ $1115.00

Nicholas
Shopify Inc. Stock Code SHOP.NYS

Outlook
Recently, price dropped to a low of $875 and MACD gave a divergence warning, hinting of a possible price low in the formation. Last Friday, price broke above the cloud, which could be a sign of a possible bullish trend, moving forward. Conversion line and Base line have yet to crossover but is moving towards each other. Lagging Span is just above price of 26 days ago and above the cloud at the moment.  MACD is bullish and rising and a bullish crossover was seen earlier. If price can move above $1046, it could be heading towards the previous high of $1146.

Strategy                  
$1030.00             Buy
$1115.00             Price Target
$1006.00            Risk Management Stop
3 weeks               Trade Duration

CFD Trading – Sell Apple Inc. (AAPL.NAS) at $108.70. Stop at $116.70. and Target at $97.80.

Nicholas
Apple Inc. Stock Code AAPL.NAS

Outlook
Price broke and closed below the cloud on Friday after the release of its quarterly earnings. Conversion and Base line had a bearish crossover, hinting of a bearish trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is above the zero line in the bullish zone but a bearish crossover was seen. The faster line of MACD has already moved below the zero line while the slow line could be moving past the zero line soon if we have another price decline. We think price could be about to test the gap support zone from $96.09 to $100.15.

Strategy
$108.70 Short Sell
$97.80 Price Target
$116.70 Risk Management Stop
3 weeks Trade Duration