Market analysis from Saxo
Bitcoin Intraday - We look to Buy at 40004 (stop at 39398) The trend of higher lows is located at 39900. We look for a temporary move lower. We look to buy dips. Our profit targets will be 41474 and 41974 Resistance: 40800 / 41500 / 41800 Support: 40000 / 39500 / 39200 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for...
Carlsberg Short Term - We look to Sell at 972 (stop at 1037) Preferred trade is to sell into rallies. We have a 61.8% Fibonacci pullback level of 984 from 1131 to 747. 200 1day MA is at 1012. Previous resistance located at 980. Our profit targets will be 747 and 712 Resistance: 900 / 980 / 1100 Support: 800 / 750 / 700 Disclaimer – Saxo Bank Group....
Nike Short Term - We look to Sell at 136.07 (stop at 140.63) Bespoke resistance is located at 140.00. Posted a Bearish Outside candle on the Daily chart. The bias is still for lower levels and we look for any gains to be limited. The primary trend remains bearish. Daily signals are bearish. Our profit targets will be 119.93 and 111.01 Resistance: 140.00...
Litecoin - Intraday - We look to Sell at 115.29 (stop at 119.36) Preferred trade is to sell into rallies. Previous resistance located at 115.00. 50 1day EMA is at 114.50. Selling continued from the 38.2% pullback level of 114.10. Our profit targets will be 101.87 and 95.10 Resistance: 115.00 / 120.00 / 134.00 Support: 110.00 / 105.00 / 100.00 ...
Palantir Technology - Short Term - We look to Buy at 12.46 (stop at 11.59) A bullish reverse Head and Shoulders is forming. A break of 14.87 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain...
GameStop - Short Term - We look to Buy at 138.50 (stop at 125.95) Price action looks to be forming a bottom. 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 138.50 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at...
Amazon - Short Term - We look to Buy at 3080 (stop at 2962) A bullish reverse Head and Shoulders is forming. A break of 3416 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain mixed and...
Bitcoin Intraday - We look to Buy a break of 42303 (stop at 41691) Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 42200 should result in a further move higher. We look for gains to be extended today. Our profit targets will be 43888 and 44488 Resistance: 42500 / 43500 /...
Ethereum Intraday - We look to Sell at 3297 (stop at 3351) Daily signals are mildly bearish. We look for a temporary move higher. 3308 has been pivotal. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 3163 and 3113 Resistance: 3200 / 3250 / 3300 Support: 3100 / 3080 / 3000 ...
Solutions 30 Short Term - We look to Buy at 6.05 (stop at 5.71) We look to buy dips. Previous support located at 6.00. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 7.05 and 7.45 Resistance: 7.00 / 8.00 / 9.00 Support: 6.00 / 5.00 / 4.00 Disclaimer...
Disney Short Term - We look to Sell at 127.19 (stop at 131.94) A break of bespoke support at 130.00, and the move lower is already underway. Trades with a bearish descending triangle formation. Our outlook is bearish. The trend of lower highs is located at 142.00. News events could adversley affect the short term technical picture. Our profit targets...
Bitcoin Intraday - We look to Buy a break of 41606 (stop at 40828) Short term momentum is bullish. 41557 has been pivotal. A break of bespoke resistance at 41600, and the move higher is already underway. Price action is forming a bullish flag which has a bias to break to the upside. Our profit targets will be 43646 and 44346 Resistance: 41600 / 42000 /...
Alphabet Short Term - We look to Buy at 2524.87 (stop at 2472.74) We look to buy dips. Previous support located at 2500.00. The medium term bias remains bullish. Although this gives the medium term bias a mild bearish edge, we expect intraday trading to continue to be mixed and volatile. Trading close to the psychological 2500.00 level. Our profit targets...
CrowdStrike Short Term - We look to Sell at 224.99 (stop at 242.70) Preferred trade is to sell into rallies. Selling continued from the 61.8% pullback level of 241.77. Short term oscillators are moving lower. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 151.00 and 131.00...
Ethereum Intraday - We look to Sell a break of 3058 (stop at 3101) Daily signals are mildly bearish. A break of the recent low at 3060 should result in a further move lower. There is no clear indication that the downward move is coming to an end. Short term MACD has turned negative. Our profit targets will be 2951 and 2901 Resistance: 3120 / 3150 /...
Microsoft Short Term - We look to Buy at 273.03 (stop at 269.68) Preferred trade is to buy on dips. A higher correction is expected. Previous support located at 280.00. 280.00 continues to hold back the bears. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 302.57 and 309.50 Resistance: 300.00 /...
Advanced Micro Devices Short Term - We look to Sell at 102.78 (stop at 111.05) Preferred trade is to sell into rallies. Previous support at 100.00 now becomes resistance. 20 1day EMA is at 107.00. Short term oscillators have turned negative. Trading close to the psychological 100.00 level. Our profit targets will be 74.92 and 69.10 Resistance: 100.00 /...
Bitcoin Intraday - We look to Buy at 39525 (stop at 38888) Trend line support is located at 39500. The spike lower found buying interest and prices moved quickly higher. We are trading at oversold extremes. Prices expected to stall near trend line support. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail....