MELI - Short Term - We look to Sell at 1175 (stop at 1233)
Preferred trade is to sell into rallies. 20 1week EMA is at 1177. The bias is still for lower levels and we look for any gains to be limited. Previous resistance located at 1150. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 953 and 890
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Ethereum - Intraday - We look to Sell at 2838 (stop at 2901)
Daily signals are bearish. 50 1day EMA is at 2820. Prices expected to stall near trend line resistance. Reverse trend line resistance can be seen at 2840. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit...
JD.com - Short Term - We look to Sell at 64.14 (stop at 70.67)
Previous support, now becomes resistance at 62.00. 50 1day EMA is at 67.80. The bias is still for lower levels and we look for any gains to be limited. We look for losses to be extended today.
Our profit targets will be 46.03 and 41.10
Resistance: 65.00 / 80.00 / 90.00
Support: 50.00 / 41.00...
Johnson and Johnson - Short Term - We look to Sell at 176.93 (stop at 178.95)
Previous resistance located at 176.00. We look to sell rallies. This provides an excellent risk/reward opportunity to fade the current bullish move. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 172.09 and 168.20...
Bitcoin - Intraday - We look to Buy at 39444 (stop at 38688)
Short term bias has turned positive. Previous resistance, now becomes support at 39500. The 50% Fibonacci retracement is located at 39400 from 45850 to 32950. We look to buy dips.
Our profit targets will be 41287 and 42187
Resistance: 41000 / 42000 / 42600
Support: 40000 / 39500 / 38500
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Nokia Corporation - Short Term - We look to Sell at 5.31 (stop at 5.54)
We look to sell rallies. Previous support at 5.30 now becomes resistance. 50 1day EMA is at 5.44. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5.30, resulting in...
Wells Fargo - Short Term - We look to Sell at 51.31 (stop at 53.31)
Preferred trade is to sell into rallies. 20 1day EMA is at 51.20. Bespoke resistance is located at 51.00. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 46.00 and 44.53
Resistance: 51.00 / 55.00 / 60.00
Support: 46.00 / 43.00 /...
Bitcoin - Intraday - We look to Sell a break of 36987 (stop at 37818)
Daily signals are bearish. 37015 has been pivotal. A break of bespoke support at 37000, and the move lower is already underway. Our outlook is bearish.
Our profit targets will be 34707 and 33807
Resistance: 39500 / 40500 / 42000
Support: 37800 / 37000 / 35500
Disclaimer – Saxo Bank...
NVIDIA - Short Term - We look to Sell at 206.22 (stop at 217.69)
Further downside is expected, however, due to the strong support below we prefer to sell a break of 210.00, which will confirm the bearish sentiment. Closed below the 20-day EMA. Short term oscillators have turned negative. Follow through bearish momentum from 346.00 resulted in net losses.
Our...
Advanced Micro Devices - Short Term - We look to Sell at 99.06 (stop at 103.51)
The medium term bias remains bearish. We look for losses to be extended today. This move is expected to continue and we look to set shorts at good risk/reward levels. Short term oscillators have turned negative. Previous support located at 100.00.
Our profit targets will be 84.22...
Ethereum - Intraday - We look to Sell at 2748 (stop at 2811)
Daily signals are bearish. Preferred trade is to sell into rallies. 2755 has been pivotal. 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 2581 and 2511
Resistance: 2620 / 2680 / 2750
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Alphabet - Short Term - We look to Buy at 2511.77 (stop at 2443.90)
Preferred trade is to buy on 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.
Our profit targets will be 2719.44 and 2826.06
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CrowdStrike - Short Term - We look to Sell at 196.47 (stop at 211.24)
Posted a Bearish Shooting Star formation. We look for losses to be extended today. This move is expected to continue and we look to set longs at good risk/reward levels. Previous resistance located at 200.00.
Our profit targets will be 158.90 and 150.93
Resistance: 200.00 / 220.00 /...
Bitcoin - Intraday - We look to Buy at 38333 (stop at 37588)
Trend line support comes in at 38250. Dips continue to attract buyers. We look to buy dips.
Our profit targets will be 40188 and 41088
Resistance: 40200 / 41500 / 42500
Support: 39000 / 38000 / 37000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your...
ChargePoint Holdings - Short Term - We look to Sell at 19.33 (stop at 21.51)
Preferred trade is to sell into rallies. We have a 50% Fibonacci pullback level of 19.97 from 28.72 to 11.21. Previous resistance located at 20.00. The medium term bias remains bearish.
Our profit targets will be 14.34 and 11.40
Resistance: 20.00 / 29.00 / 35.00
Support: 15.00...
NVIDIA - Short Term - We look to Sell at 251.38 (stop at 266.57)
We look to sell rallies. 50 1day EMA is at 248.00. Trend line resistance is located at 252.00. Short term oscillators have turned negative. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke...
Ethereum - Intraday - We look to Buy at 2502 (stop at 2434)
The trend of higher lows is located at 2480. 2501 has been pivotal. The previous swing low is located at 2444. We look to buy dips.
Our profit targets will be 2676 and 2736
Resistance: 2680 / 2800 / 2900
Support: 2550 / 2500 / 2400
Disclaimer – Saxo Bank Group. Please be reminded – you alone...
Advanced Micro Devices - Short Term - We look to Sell at 120.45 (stop at 126.99)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. 50 1day EMA is at 121.00. Short term oscillators have turned negative. Previous support located at 100.00.
Our profit targets will be 101.28 and 85.50
Resistance: 120.00 / 145.00 /...
