Market analysis from Saxo

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Palantir Technology Short Term - We look to Buy at 14.24 (stop at 13.28) Previous resistance, now becomes support at 14.00. Short term oscillators are moving higher. Price action has broken from the previous formation. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 17.80 and 19.50 Resistance: 18.00...

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NIO Short Term - We look to Buy a break of 23.79 (stop at 21.92) We look for gains to be extended today. Price action has broken from the previous formation. The reaction higher is positive and highlights a clear reversal. Short term oscillators have turned positive. Our profit targets will be 28.11 and 32.51 Resistance: 28.00 / 34.00 / 45.00 Support:...

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Ethereum Intraday - We look to Sell a break of 3447 (stop at 3523) We are trading at overbought extremes. A higher correction is expected. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Trend line support...

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FuelCell Energy Short Term - We look to Sell at 5.36 (stop at 5.86) The primary trend remains bearish. A break of 5.50 is needed to confirm follow through negative momentum. Closed below the 50-day EMA. We look for losses to be extended today. Our profit targets will be 3.69 and 3.12 Resistance: 7.00 / 8.00 / 11.50 Support: 5.50 / 3.50 / 2.50 Disclaimer...

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Ideanomics Short Term - We look to Sell at 1.08 (stop at 1.18) Previous resistance located at 1.10. 1.10 continues to hold back the bulls. Our outlook is bearish. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 0.83 and 0.65 Resistance: 1.10 / 1.40 / 1.65 Support: 1.00 / 0.80 / 0.50 Disclaimer – Saxo...

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Delivery Hero Short Term - We look to Buy at 37.11 (stop at 34.35) Previous support located at 37.00. Trading within the Channel formation. A higher correction is expected. Choppy price action seen. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 43.98 and 48.59 Resistance: 45.00 /...

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Litecoin Intraday - We look to Sell at 128.39 (stop at 131.21) The trend of lower intraday highs has also been broken. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment. Previous support at 128.00 now becomes resistance. Follow through bearish momentum from 126.80 resulted in net...

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Ethereum Intraday - We look to Sell a break of 3329 (stop at 3401) We are trading at overbought extremes. A higher correction is expected. A break of the recent low at 3335 should result in a further move lower. Risk/Reward would be poor to call a buy from current levels. 20 1day EMA is at 3080. Our profit targets will be 3124 and 3054 Resistance: ...

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AMC Short Term - We look to Buy at 21.31 (stop at 17.60) Preferred trade is to buy on dips. 50 1day EMA is at 20.00. We have a 61.8% Fibonacci pullback level of 21.09 from 12.90 to 34.41. Trading volume is increasing. Previous resistance, now becomes support at 21.00. Our profit targets will be 34.41 and 43.15 Resistance: 30.00 / 35.00 / 40.00 Support:...

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Micron Technology Short Term - We look to Sell at 79.59 (stop at 82.81) We look to sell rallies. Selling continued from the 61.8% pullback level of 85.74. Closed below the 50-day EMA. Posted a Bearish Outside candle on the Daily chart. Trading volume is increasing. Our profit targets will be 68.29 and 66.73 Resistance: 85.00 / 96.50 / 100.00 Support:...

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Bitcoin Intraday - We look to Buy at 45333 (stop at 44584) Daily signals are bullish. We are trading at overbought extremes. A lower correction is expected. We look to buy dips. 50 4hour EMA is at 45300. Our profit targets will be 47288 and 48188 Resistance: 48200 / 49000 / 50000 Support: 46800 / 45500 / 44500 Disclaimer – Saxo Bank Group. Please be...

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Virgin Galactic Holdings Short Term - We look to Buy at 10.11 (stop at 9.18) Broken out of the channel formation to the upside. Trading volume is increasing. Dip buying offers good risk/reward. Previous resistance, now becomes support at 10.00. Our profit targets will be 14.31 and 16.41 Resistance: 14.00 / 17.00 / 20.00 Support: 10.00 / 7.00 / 5.00 ...

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Amazon Short Term - We look to Buy at 3200 (stop at 3080) Preferred trade is to buy on dips. 20 1day EMA is at 3161. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 3200. Our profit targets will be 3539 and 3751 Resistance: 3500 / 3700 / 4000 Support: 3200 / 3000 / 2700 Disclaimer – Saxo Bank...

Saxo Broker

Bitcoin - Intraday - We look to Buy at 46525 (stop at 45747) Daily signals are bullish. There is no clear indication that the upward move is coming to an end. We look for a temporary move lower. We look to buy dips. 20 4hour EMA is at 46400. Our profit targets will be 48484 and 49384 Resistance: 48200 / 49000 / 50000 Support: 47000 / 45500 / 44500 ...

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Renault - Short Term - We look to Sell at 25.49 (stop at 26.70) Price action is forming a bearish flag which has a bias to break to the downside. Bespoke resistance is located at 25.50. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited. We look to sell rallies. Our profit...

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Microsoft - Short Term - We look to Buy at 303.35 (stop at 296.56) We look to buy dips. Previous resistance, now becomes support at 300.00. Trading has been mixed and volatile. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 325.34 and 336.10 Resistance: 320.00 / 340.00 / 350.00 Support: 300.00 /...

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Tilray - Short Term - We look to Buy at 7.44 (stop at 6.71) We look to buy dips. Trading volume is increasing. Previous resistance at 7.20 now becomes support. Last week Marabuzo is located at 8.56. Traded to the highest level in 70 weeks. Our profit targets will be 9.82 and 10.30 Resistance: 10.00 / 13.50 / 22.00 Support: 7.20 / 5.00 / 2.50 ...

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Ethereum - Intraday - We look to Sell a break of 3298 (stop at 3371) We are trading at overbought extremes. A higher correction is expected. A break of bespoke support at 3300, and the move lower is already underway. Our profit targets will be 3103 and 3033 Resistance: 3400 / 3500 / 3600 Support: 3300 / 3200 / 3100 Disclaimer – Saxo Bank Group. Please...