Stocks to trade in July

Stocks to trade in July

2023-07-05 • Actualizada

When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise. That same approach is what I have adopted in my analysis of the following stocks; pay due attention to your risk exposure nonetheless!

ADS - D1 Timeframe

#ADSDaily-0407.png

The daily timeframe chart of ADS (Adidas) shows the price currently trading within a consolidation channel that has now intersected the pivot zone. We can expect some pullback in the bullish momentum even though the overall direction remains bullish, as the moving averages imply. Based on this, I hope to catch a buying opportunity at the demand zone marked below since the demand zone has a confluence of the moving averages and the trendline support.

Analyst’s Expectations: 

Direction: Bullish

Target: 186.13

Invalidation: 147.10

GOOGLE - D1 Timeframe

 GOOGLEDaily-0407.png

GOOGLE is ripe in time for a bullish rally. The price is resting above trendline support, which aligns with the 50-day moving average within an overall bullish trend. The point here is that all the factors favor a bullish continuation.

Analyst’s Expectations: 

Direction: Bullish

Target: 123.41

Invalidation: 118.49

CITIGROUP - D1 Timeframe

 CITIGROUPDaily-0407.png

CITIGROUP is another attractive ticker that seems stuck within a consolidation pattern. We currently have price slow-dancing around the moving averages with a likely bearish intent. The main focus here, however, is the demand zone at the Fibonacci levels and the support trendline that sits comfortably on top of it.

Analyst’s Expectations: 

Direction: Bullish

Target: 48.03

Invalidation: 43.62

CONCLUSION

The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.

TRY TRADING NOW

You can access more of such trade ideas and prompt market updates on the telegram channel.

Similar

US100: ¿Ha culminado la corrección?
US100: ¿Ha culminado la corrección?

Escenario Alcista: Compras sobre 17910 con TP:18098.07, TP2:18277 y TP3: 18415 Escenario Bajista: Ventas por debajo de 17850 con TP1:17730, TP2: 17700

Últimas noticias

Depósito con sistemas de pago locales

Aviso de recopilación de datos

FBS mantiene un registro de tus datos para ejecutar este sitio web. Al presionar el botón "Aceptar", estás aceptando nuestra Política de Privacidad .

Callback

Un gerente le contactará pronto

Corregir número

Su solicitud ha sido aceptada

Un gerente le contactará pronto

La próxima solicitud de devolución de llamada para este número telefónico
estará disponible en

Si tienes algún problema urgente, contáctanos a través del
Chat en vivo

Error interno. Por favor, inténtelo nuevamente más tarde

¡No pierdas tu tiempo – mantente informado para ver cómo las NFP afectan al USD y gana!

Está utilizando una versión anterior de su navegador.

Actualícelo a la última versión o pruebe otro para una experiencia de trading más segura, cómoda y productiva.

Safari Chrome Firefox Opera