Market analysis from Saxo

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Coca-Cola Short Term - We look to Sell at 62.89 (stop at 64.29) We look to sell rallies. Price action has posted a bearish Marabuzo candle and is negative for short-term sentiment. Posted a Double Top formation. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 63.00, resulting in improved risk/reward. Our...

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Li Auto Short Term - We look to Sell at 23.77 (stop at 25.22) Preferred trade is to sell into rallies. The medium term bias remains bearish. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The bias is still for lower levels and we look for any gains to be limited. Expect trading to remain mixed and volatile. Our...

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Bitcoin Intraday - We look to Sell at 30666 (stop at 31424) Daily signals are bearish. 50 4hour EMA is at 30680. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 30974 has been pivotal. Our profit targets will be 28707 and 28207 Resistance: 30000 / 31000 / 31400 Support:...

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Virgin Galactic Holdings Short Term - We look to Sell at 7.56 (stop at 8.42) Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. We have a 38.2% Fibonacci pullback level of 7.47 from 11.25 to 5.14. Our overall sentiment remains bearish looking for lower levels. Previous resistance located at 7.50. Our profit...

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Tilray Short Term - We look to Sell at 5.33 (stop at 5.87) Our outlook is bullish. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. The hourly chart technicals suggests further upside before the downtrend returns. The bias is still for lower levels and we look for any gains to be limited. Our profit...

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Litecoin Intraday - We look to Sell at 76.92 (stop at 80.43) Preferred trade is to sell into rallies. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. We have a 78.6% Fibonacci pullback level of 76.07 from 82.78 to 51.42. Expect price action to remain mixed and volatile as...

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Gravity Short Term - We look to Sell at 55.14 (stop at 59.41) Bespoke resistance is located at 55.00. A Doji style candle has been posted from the high. Our outlook is bearish. Selling spikes offers good risk/reward. The rally was sold and the dip bought resulting in mild net losses yesterday. Our profit targets will be 43.09 and 41.20 Resistance: 55.00...

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Roblox Short Term - We look to Sell at 33.44 (stop at 37.68) Preferred trade is to sell into rallies. Price action has posted a Doji candle and confirms a possible stall in the recent move. We look for price action to stay within the channel formation today. Prices expected to stall near trend line resistance. Offers ample risk/reward to sell at the market....

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Bitcoin Intraday - We look to Sell at 31787 (stop at 32651) Trading within a Corrective Channel formation. Prices expected to stall near trend line resistance. Trend line resistance is located at 31800. Our profit targets will be 29707 and 29107 Resistance: 31000 / 32000 / 33000 Support: 29500 / 28500 / 27800 Disclaimer – Saxo Bank Group. Please be...

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Bionano Short Term - We look to Sell at 1.78 (stop at 2.04) Preferred trade is to sell into rallies. The trend of lower highs is located at 1.85. Our outlook is bearish. We have a 38.2% Fibonacci pullback level of 1.80 from 2.84 to 1.18. Bespoke resistance is located at 1.85. Our profit targets will be 1.18 and 1.01 Resistance: 1.85 / 2.50 /...

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Lucid Group Short Term - We look to Sell at 18.01 (stop at 20.97) We look to sell rallies. Prices expected to stall near trend line resistance. Bespoke resistance is located at 18.00. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 11.07 and 10.19 Resistance:...

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Bitcoin Intraday - We look to Sell at 32288 (stop at 33066) Daily signals are bearish. 50 4hour EMA is at 32450. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 30302 and 29802 Resistance: 31000 / 32000 / 33000 Support: 30000 / 29000 / 28000 Disclaimer – Saxo Bank Group. Please be reminded – you...

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Qualcomm Short Term - We look to Buy at 124.23 (stop at 118.34) We look to buy dips. Previous support located at 125.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look for a temporary move higher. Trading has been mixed and volatile. Our profit targets will be 141.29 and 149.10 Resistance: 145.00 /...

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Microsoft Short Term - We look to Sell at 274.00 (stop at 287.00) Preferred trade is to sell into rallies. Broken out of the Head and Shoulders formation to the downside. Previous support at 275.00 now becomes resistance. The trend of lower highs is located at 290.00. Expect trading to remain mixed and volatile. Our profit targets will be 232.00 and 221.00...

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Tesla Short Term - We look to Buy at 701.22 (stop at 660.02) We look to buy dips. We have a 78.6% Fibonacci pullback level of 539.49 from 1243.49 to 690.15. A higher correction is expected. Expect trading to remain mixed and volatile. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be...

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Bitcoin Intraday - We look to Buy at 26016 (stop at 25095) With signals for sentiment at oversold extremes, the dip could not be extended. We look to buy dips. 50 4week EMA is at 26000. Bespoke support is located at 26000. Our profit targets will be 28388 and 28988 Resistance: 29000 / 30000 / 31000 Support: 28000 / 27000 / 26000 Disclaimer – Saxo Bank...

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Apple - Short Term - We look to Sell at 154.48 (stop at 160.14) We look to sell rallies. Posted a Double Top formation. The bias is still for lower levels and we look for any gains to be limited. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 138.36...

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Bitcoin Intraday - We look to Buy at 28808 (stop at 27987) With signals for sentiment at oversold extremes, the dip could not be extended. We look to buy dips. 28600 has been pivotal. Our profit targets will be 30938 and 31438 Resistance: 30000 / 31000 / 32000 Support: 28600 / 28000 / 27000 Disclaimer – Saxo Bank Group. Please be reminded – you alone...