FuelCell Energy - Intraday - We look to Sell at 4.33 (stop at 4.61)
Price action continued to range between key support & resistance (3.15 - 4.40) and we expect this to continue.
Daily signals are bearish.
Preferred trade is to sell into rallies.
Levels close to the 50% pullback level of 4.34 found sellers.
4.39 has been pivotal.
Our profit targets will be...
ING Groep - Intraday - We look to Buy at 8.484 (stop at 8.169)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
8.500 continues to hold back the bears.
8.193 has been pivotal.
We look to buy dips.
Dip buying offers good risk/reward.
Expect trading to remain mixed and volatile....
Ethereum - expiry tomorrow 8am UK - We look to Sell at 1388 (stop at 1421)
The previous swing high is located at 1397.
Bespoke resistance is located at 1400.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Our profit targets...
Shopify - Intraday - We look to Sell at 39.88 (stop at 43.43)
The primary trend remains bearish.
Price action continued to range between key support & resistance (30.00 - 40.00) and we expect this to continue.
Bespoke resistance is located at 40.00.
Resistance could prove difficult to breakdown.
We look for a temporary move higher.
Our profit targets will...
Litecoin - Intraday - We look to Buy at 52.05 (stop at 50.98)
The trend of higher lows is located at 52.00.
A lower correction is expected.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 54.98 and 55.88
Resistance: 55.50 / 57.50 / 59.00
Support: 54.50 / 53.50 / 52.00
Disclaimer – Saxo Bank Group. Please be reminded – you...
Lucid Group - 30D - We look to Buy at 13.61 (stop at 12.59)
We are trading at oversold extremes.
13.25 has been pivotal.
Bespoke support is located at 14.00.
Support could prove difficult to breakdown.
We look to buy dips.
Prices have reacted from 13.53.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for...
Bitcoin - Intraday - We look to Buy a break of 20404 (stop at 19868)
Short term momentum is bullish.
20378 has been pivotal.
A break of 20400 is needed to confirm follow through bullish momentum.
We are trading at oversold extremes.
Our profit targets will be 21598 and 21998
Resistance: 20000 / 20350 / 21000
Support: 19500 / 19000 / 18500
Disclaimer –...
Activision - 30d expiry - We look to Sell a break of 73.59 (stop at 76.11)
Short term bias is bearish.
There is no clear indication that the downward move is coming to an end.
We have a 38.2% Fibonacci pullback level of 74.15 from 103.41 to 56.07.
73.71 has been pivotal.
A break of 73.71 is needed to confirm follow through negative momentum.
The failure to...
Ethereum - 22h expiry - We look to Sell at 1349 (stop at 1381)
Bespoke resistance is located at 1350.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Daily signals are bearish.
Our profit targets will be 1271 and 1231
Resistance: 1300 / 1350 / 1400
Support: 1270 / 1250 / 1220
Disclaimer – Saxo Bank Group. Please be reminded...
Renault - Intraday - We look to Sell a break of 26.79 (stop at 27.56)
Short term momentum is bearish.
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 26.90.
Bespoke support is located at 27.00.
A break of 26.90 is needed to confirm follow through negative momentum.
Daily signals are mildly...
Ethereum - Expiry tomorrow 8am UK - We look to Buy a break of 1401 (stop at 1347)
A higher correction is expected.
Bespoke resistance is located at 1400.
A break of bespoke resistance at 1400, and the move higher is already underway.
We are trading at oversold extremes.
1397 has been pivotal.
Our profit targets will be 1529 and 1559
Resistance: 1350 /...
Advanced Micro Devices - Intraday - We look to Buy a break of 69.21 (stop at 65.39)
Trading within a Corrective Channel formation.
The trend of lower highs is located at 84.00.
A move through bespoke resistance at 69.00 and we look for extended gains.
Selling was posted yesterday but levels close to bespoke support of 63.00 have found buyers.
The trend of...
Barclays - 30d expiry - We look to Buy at 140.42 (stop at 134.98)
Price action continued to range between key support & resistance (140.00 - 175.00) and we expect this to continue.
We are trading at oversold extremes.
Short term momentum is bearish.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is...
Roku - 30D expiry - We look to Sell at 73.58 (stop at 78.11)
The 1 day moving average should provide resistance at 73.00.
The previous swing high is located at 75.00. 74.97 has been pivotal.
Preferred trade is to sell into rallies.
Daily signals are bearish.
We look for a temporary move higher.
Our profit targets will be 63.33 and 60.33
Resistance: 60.00...
Litecoin - Intraday - We look to Buy at 52.02 (stop at 50.59)
The trend of higher lows is located at 52.00.
We look to buy dips. We are trading at oversold extremes. Buying posted close to the previous low of 51.02.
Our profit targets will be 55.39 and 56.39
Resistance: 54.00 / 56.00 / 57.50
Support: 53.00 / 51.50 / 50.00
Disclaimer – Saxo Bank Group....
Euronav - Intraday - We look to Sell a break of 15.73 (stop at 16.81)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 15.75 should result in a further move lower.
Bespoke support is located at 16.00.
Short term momentum is bearish.
Although we remain bullish overall, a correction is possible with plenty...
Adobe - 30D Expiry - We look to Buy a break of 301.11 (stop at 284.98)
With signals for sentiment at oversold extremes, the dip could not be extended.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Trading close to the psychological 300.00 level.
We expect a significant move higher if prices manage to...
Litecoin - Expires tomorrow 9am UK - We look to Buy a break of 56.02 (stop at 54.47)
Trading within a Corrective Channel formation.
A break of resistance at 56.00 should lead to a more aggressive move higher towards 60.00.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 59.75 and 60.75
Resistance:...
