Panic reigns supreme… but there are opportunities for the brave. We have two trade ideas that are not for the faint hearted. Note though that the strictest risk management is needed and stop losses are vital.
Mastercard
Long entry on a bullish break above $210 (more aggressive) or $215 (more conservative) with a stop loss at $199 and a target price of $245.
Occidental Petroleum Corp.
Long entry on a bullish break above $11.20 with a stop loss at $10.50 and a target price of $18.00.
*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.
