CFD trading how to make money on Sony stock
Today on the stock market quotes of stocks and stock market indices are moving in different directions. But Sony shares have one feature that we can use in our trading strategy for trading. The price dropped to a strong support level and bounced back. The fractal and the breakdown of the support level can be used to open a short position in CFD stock trading. The Take Profit level can be set arbitrarily at a flat level. Although, there is a strong possibility that the fall in Sony's share price may continue in the stock market.
Order Type: Pending Order - Sell Stop
Entry Price at 79.60
Take Profit at 78.00
Pips Earning: 160
Trading signals for forex:
EURUSD sell at the price of 1.0380
USDJPY buy at the price of 135.70
GBPUSD sell at the price of 1.1995
USDCHF buy at the price of 0.9635
Daily CFD recommendations
The profit can be $160.00 if the trading volume of 100 Shares.