CFD Trading – Paypal & Walmart

PAYPAL Holdings Inc Stock Code PYPL.NAS

Outlook
Price declined after reaching a high of $121.48 to the recent low at $102.21. A recovery has sent price higher to $111.97. This is near to the Fibonacci 50% of this rally as well. There is also the cloud resistance just overhead at $112.90. These could act as a strong resistance zone that could cap the price rally. If price is unable to move above this resistance zone, price could drop lower to the previous low at $102.10 or to the Fibonacci A-B-C target price of $92.50. The price support line at $94.70 is also another strong support. Price is below the cloud which shows a bearish trend and Lagging Span confirms as it is below the cloud. MACD is bearish with both its lines way below the zero line.

Strategy
$111.90              Short Sell
$94.70                Price Target
$119.90              Risk Management Stop
3 weeks              Trade Duration

WALMART Inc. Stock Code WMT.NYS

Outlook
Price opened up a gap two days ago and is testing the recent high of $114.93.  There was a bigger gap that was created before this smaller gap. Both these gaps are signs of a strong bullish trend. If price cannot close these 2 gaps, it is likely to trend higher. MACD is bullish with both its line above the zero line. MACD is also trending higher. If price were to move above $114.93, an Ichimoku reversal will be triggered and going by the “N” price projection, price can go higher to $120.22

Strategy
$114.95              Buy
$120.20              Price Target
$111.60              Risk Management Stop
2 weeks              Trade Duration

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CFD Trading – Ford Motor & Paypal

Ford Motor Company Stock Code F.NYS

Outlook

Price gapped below the cloud last week and has continued to move lower. Last night we saw a big red candlestick, which is a sign of an acceleration of the down trend. Both Conversion and Base lines had a bearish crossover while the Lagging Span has moved below the cloud. MACD had a bearish divergence earlier and has now moved below the zero line into bearish territory. Price, unless it can close the gap and moves above the cloud, is likely to head lower to the base support area at $8.34

Strategy

$9.40 Sell
$8.35 Price Target
$9.90 Risk Management Stop
3 weeks Trade Duration

PAYPAL Holding Inc Stock Code PYPL.NAS

Outlook

Price moved below the cloud 3 days ago and for the past 2 days, it had stayed below the lower edge of the cloud. Both Conversion and Base lines had a bearish crossover, confirming the bearish trend. The gap created earlier is also a sign of a bearish trend. MACD indicator have given multiple numbers of divergence warnings and MACD lines are about to move below the zero line into bearish territory, confirming the bearish trend. Price is likely to head lower to support line at $100.

Strategy

$110.80 Sell
$100.00 Price Target
$114.40 Risk Management Stop
3 weeks Trade Duration

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