CFD Trading 13 May 2019

Micron Technology Inc Stock Code MU.NAS

Outlook

Price has just broken below the cloud, which could be the first sign of a change to a bearish trend. Price is also below the Conversion and Base lines. Both lines are pointing lower. These are signs of a bearish trend. Price is also capped by an uptrend trend line. MACD has had weaker momentum peaks while price was moving higher. This is also another sign of a bearish trend in the making. Any price rally is likely to be capped by the Base line and the cloud at $40.40. We think this could be a good location to get into a short position for a decline to $36.63 or $32.64.

Strategy

$40.40 Short Sell
$32.65 Price Target
$41.60 Risk Management Stop
4 weeks Trade Duration

Advanced Micro Devices Inc Stock Code AMD.NAS

Outlook

Price managed to hold above the edge of the cloud and on Friday, managed to close above the previous 5 days’ high. It also managed to close near its day high. This could be a sign the correction is over and a rally is about to begin. MACD, which has been declining since the start of April 2019, is showing sign of a turnaround. This could trigger the start of a rally to $32.62. If price goes below the cloud at $25.50, it could signal the end of the rally and a major price correction is unfolding.

Strategy

$27.70 Buy
$32.60 Price Target
$25.50 Risk Management Stop
4 weeks Trade Duration

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CFD Trading 13 May 2019

Micron Technology Inc Stock Code MU.NAS

Outlook

Price has just broken below the cloud, which could be the first sign of a change to a bearish trend. Price is also below the Conversion and Base lines. Both lines are pointing lower. These are signs of a bearish trend. Price is also capped by an uptrend trend line. MACD has had weaker momentum peaks while price was moving higher. This is also another sign of a bearish trend in the making. Any price rally is likely to be capped by the Base line and the cloud at $40.40. We think this could be a good location to get into a short position for a decline to $36.63 or $32.64.

Strategy

$40.40 Short Sell
$32.65 Price Target
$41.60 Risk Management Stop
4 weeks Trade Duration

Advanced Micro Devices Inc Stock Code AMD.NAS

Outlook

Price managed to hold above the edge of the cloud and on Friday, managed to close above the previous 5 days’ high. It also managed to close near its day high. This could be a sign the correction is over and a rally is about to begin. MACD, which has been declining since the start of April 2019, is showing sign of a turnaround. This could trigger the start of a rally to $32.62. If price goes below the cloud at $25.50, it could signal the end of the rally and a major price correction is unfolding.

Strategy

$27.70 Buy
$32.60 Price Target
$25.50 Risk Management Stop
4 weeks Trade Duration

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CFD Trading 22 March 2019

Bank of America Corp Stock C ode BAC .NYS

Outlook

Price reached a high of $30.13 on Tuesday but was accompanied by a bearish warning from MACD. Federal Reserve’s decision to pause rate is also weighing on price. Market expectation of a possible cut next year led US 10-year Treasury yields lower, which dragged banks’ shares lower as well. While price is still above the cloud, both Conversion and Base lines have a bearish crossover. MACD is about to turn bearish as well.

Strategy

$28.18 Short Sell
$25.50 Price Target
$29.70 Risk Management Stop
3 weeks Trade Duration

Micron Technology Inc Stock Code MU.NAS

Outlook

Price rose yesterday on a good set of earning results to the previous high price of $43.97. A gap created indicated the strong bullish price movement yesterday. A bigger candle yesterday, compared to the previous 5 sessions also helped to confirm the strong price trend. Conversion and Base lines crossover to give a bullish buy signal with price above the cloud. MACD is turning up from near the zero line. Both these signals could help to push price above the previous high’s resistance. A break above the resistance is likely to bring price higher to the next resistance point at $48.80

Strategy

$43.99 Buy
$48.80 Price Target
$40.50 Risk Management Stop
3 weeks Trade Duration

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CFD Trading 6 March 2019

Micron Technology Inc Stock code MU.NAS

Outlook

Price has moved in a nice trend channel since the bottom at $28.38 in Dec 2019. Yesterday, price dropped below the trend channel and closed below the channel. This could be a hint of an end of the rally. Price also closed below the Base line as well. MACD has a divergence warning earlier when price was on the rise, hinting of a possible price high. MACD is still bullish but is turning down. If price stays below the trend channel, it is likely to move back to test the previous low at $37.45.

Strategy

$40.15 Short Sell
$37.45 Price Target
$42.15 Risk Management Stop
2 weeks Trade Duration

Netflix Inc Stock Code NLFX.NAS

Outlook

Price resumed its advance after a pullback in mid Jan 2019 from the Dec bottom. The second rally could have ended at $371.49. There were 3 red candles with each candle getting bigger than its preceding candle. This is a sign of a more bearish price movement. Price has moved below the Conversion line and is now sitting on the Base Line. A break will confirm the downward movement and bring price back to the cloud support at $319. MACD is showing bearish divergence warning of a possible top in the making.

Strategy

$356.90 Short Sell
$328.10 Price Target
$368.00 Risk Management Stop
3 weeks Trade Duration

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