CFD Trading – Sell Seagate Technology Inc (STX.NAS) @ $95.55. Stop @ $102.20 and Target @ $85.20.

Seagate Technology PLC Stock Code STX.NAS

Outlook

Price broke below the cloud in the previous trading session, changing the chart outlook to bearish.  Price also broke below a recent low, creating an Ichimoku reversal with a V-shaped price projection target at $81.13. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD has a bearish crossover, hinting at a bearish price trend. MACD had also given a divergence warning when price hit the peak. If price is unable to move above the cloud, it could be heading towards the support at $85.20.

Strategy                  

$95.55                Sell

$85.20                Price Target

$102.20              Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Seagate Technology PLC (STX.NAS) @ $62.10. Stop @ $59.80 and Target @ $66.00.

Outlook
After reaching a high of  $66.02 on 17 December 2020, price has been on a decline. The decline may have found support at the Base line. There was a Morning Star candlestick price pattern which is a hint that the correction may be ended. Lagging Span is above price of 26 days ago and  above the cloud, confirming the bullish trend.  MACD lines may be declining but both lines of MACD are above the zero line, which is a sign of a bullish price trend. We see the end of a correction and test of the previous high at $60.02 and likely beyond this high before the rally ends.

Strategy                  
$62.10              Buy
$66.00              Price Target
$59.80              Risk Management Stop
3 weeks            Trade Duration

CFD Trading – Sell Seagate Technology (STX.NAS) @ $48.75. Stop at $51.25 and target at $44.90

Seagate Technology Plc Stock Code STX.NAS

Outlook
Price broke below the cloud on 10 July 2020 and during a pullback, price was capped by the upper boundary of the cloud. After reaching a high of $50.82 on 23 July, we saw a large black candle which is a sign of an end to the price correction. Conversion line and Base line had a bearish crossover on Friday, hinting of a bearish trend going forward. Lagging Span is below price of 26 days ago and inside the cloud. MACD is bullish but MACD is just above the zero line and we could be about to see a bearish crossover as well as a move below the zero line.

Strategy                  
$48.75                Short Sell
$44.90                Price Target
$51.25                Risk Management Stop
3 weeks              Trade Duration

CFD Trading 1 April 2019

Bristol-Myers Squibb Co Stock Code BMY.NYS

Outlook

Price declined below the cloud after both Conversion and Base lines had a bearish crossover earlier, confirming the downtrend in progress. Price is also below the Conversion line, which is an indication of a strong bearish trend. MACD confirms the strong bearish price trend. MACD is bearish and is still trending lower. Given the strong trend, we would expect price to test the support at $44.26.

Strategy

$48.20 Short Sell
$44.30 Price Target
$50.85 Risk Management Stop
3 weeks Trade Duration

Seagate Technology PLC. Stock Code STX.NAS

Outlook

Price has turned up from just below $46 and on Friday, the candle was green and long, indicating the correction could have ended and price could be about to move higher. On Friday, price had moved above the Conversion line as well as the Base line and closing above both lines. Price should be moving higher to test the gap resistance zone at $51.50 to $52.80. MACD is still bullish and above the Zero line.

Strategy

$47.50 Buy
$51.50 Price Target
$44.50 Risk Management Stop
2 weeks Trade Duration

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