Market analysis from Saxo

Saxo Broker

Li Auto Short Term We look to Buy at 36.56 (stop at 34.78) We look to buy dips. The medium term bias remains bullish. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. The bias is still for higher levels and we look for any dips to be limited. Expect trading to remain mixed and volatile. Our...

Saxo Broker

Ethereum Intraday We look to Sell at 1175 (stop at 1211) Expect trading to remain mixed and volatile. 20 4hour EMA is at 1175. Short term bias has turned negative. We look for a temporary move higher. 1193 has been pivotal. Our profit targets will be 1086 and 1066 Resistance: 1150 / 1200 / 1280 Support: 1100 / 1050 / 1000 Disclaimer – Saxo Bank Group....

Saxo Broker

Marathon Digital Holdings Short Term We look to Buy at 7.59 (stop at 6.31) We look to buy dips. This stock has recently been in the news headlines. Trading volume is increasing. Yesterday's move higher brings an end to the run of consecutive lower highs. Previous resistance, now becomes support at 7.50. Our profit targets will be 11.16 and 14.99...

Saxo Broker

Teva Pharmaceutical Industries Short Term We look to Buy at 7.28 (stop at 7.06) Preferred trade is to buy on dips. Previous support located at 7.20. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 8.29 and 9.10 Resistance: 8.30 / 9.50 /...

Saxo Broker

Bitcoin Intraday We look to Buy at 20404 (stop at 19899) Short term bias has turned positive. Previous resistance at 20500 now becomes support. 50 4hour EMA is at 19850. We look to buy dips. Our profit targets will be 21687 and 22187 Resistance: 21800 / 22400 / 23000 Support: 21000 / 20500 / 20000 Disclaimer – Saxo Bank Group. Please be reminded – you...

Saxo Broker

CRISPR Therapeutics Short Term We look to Buy a break of 73.10 (stop at 68.66) Further upside is expected and we look to set longs in early trade. The trend of higher lows is located at 60.50. Previous resistance, now becomes support at 73.00. A higher correction is expected. Our profit targets will be 82.99 and 94.00 Resistance: 83.00 / 96.00 /...

Saxo Broker

Fastly Short Term We look to Buy at 13.46 (stop at 11.36) Preferred trade is to buy on dips. Posted a Double Bottom formation. 20 1day EMA is at 12.42. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 19.97 and 27.19 Resistance: 20.00 / 44.00 / 50.00 Support: 13.50 / 10.00 / 5.00 Disclaimer – Saxo...

Saxo Broker

Ethereum Intraday We look to Buy at 1151 (stop at 1114) Short term bias has turned positive. We look to buy dips. 20 4 hour EMA is at 1143. Bespoke support is located at 1150. Our profit targets will be 1248 and 1278 Resistance: 1200 / 1250 / 1280 Support: 1150 / 1100 / 1050 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible...

Saxo Broker

ChargePoint Holdings Short Term We look to Buy at 12.40 (stop at 11.53) We look to buy dips. Levels close to the 50% pullback level of 12.33 found buyers. Posted a Bullish Hammer Bottom on the Daily chart. Trading within a Bullish Channel formation. Our profit targets will be 15.83 and 19.40 Resistance: 16.00 / 19.90 / 26.73 Support: 15.00 / 8.50 /...

Saxo Broker

Shopify Short Term We look to Sell at 38.34 (stop at 41.99) Trades with a bearish descending triangle formation. The medium term bias remains bearish. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies. Our profit targets will be...

Saxo Broker

Bitcoin Intraday We look to Sell at 21398 (stop at 22002) Daily signals are bearish. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 19909 and 19509 Resistance: 20500 / 21000 / 21500 Support: 20000 / 19500 / 19000 Disclaimer – Saxo Bank...

Saxo Broker

Roblox Short Term We look to Buy at 35.79 (stop at 30.79) We look to buy dips. The trend of higher lows is located at 32.90. Previous resistance level of 36.00 broken. Posted a Double Bottom formation. Further upside is expected although we prefer to set longs at our bespoke support levels at 36.00, resulting in improved risk/reward. Our profit targets...

Saxo Broker

Baidu Short Term We look to Buy a break of 157.74 (stop at 147.55) Further upside is expected and we look to set longs in early trade. A break of yesterdays high would confirm bullish momentum. Bespoke resistance is located at 155.00. The trend of higher lows is located at 147.00. Our profit targets will be 181.51 and 199.50 Resistance: 155.00 / 182.00...

Saxo Broker

Ethereum Intraday We look to Sell a break of 994 (stop at 1034) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. A break of the recent low at 996 should result in a further move lower. Trading close to the psychological 1000 level. A break of 1000 is needed to confirm follow through negative momentum....

Saxo Broker

GameStop Short Term We look to Buy at 118.26 (stop at 110.74) Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00,...

Saxo Broker

Cisco System s Short Term We look to Buy at 41.75 (stop at 40.34) This stock has recently been in the news headlines. Further upside is expected although we prefer to buy into dips close to the 42.00 level. Trading close to the psychological 40.00 level. Posted a Bullish Hammer Bottom on the Daily chart. Our profit targets will be 45.31 and 52.00...

Saxo Broker

Ethereum Intraday We look to Sell at 1239 (stop at 1291) Daily signals are bearish. 1281 has been pivotal. Bespoke resistance is located at 1250. Preferred trade is to sell into rallies. Our profit targets will be 1111 and 1071 Resistance: 1150 / 1200 / 1250 Support: 1100 / 1050 / 1000 Disclaimer – Saxo Bank Group. Please be reminded – you alone are...

Saxo Broker

Bayer AG Short Term We look to Buy at 56.39 (stop at 54.46) Trading within a Bullish Channel formation. The medium term bias is for higher levels but intraday signals are mixed. Previous support located at 56.00. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted...