Upstart Holdings - Short Term - We look to Sell at 91.86 (stop at 110.36)
Bespoke resistance is located at 120.00. Closed below the 20-day EMA. Our overall sentiment remains bearish looking for lower levels. Previous support located at 45.00. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 45.80 and 37.10
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PayPal - Short Term - We look to Sell a break of 179.11 (stop at 201.11)
Posted a bearish Flag formation. A break of 180.00 is needed to confirm the outlook. Closed below the 20-day EMA. There is no indication that the selloff is coming to an end. This move is expected to continue and we look to set shorts at good risk/reward levels.
Our profit targets will...
Bitcoin - Intraday - We look to Buy at 42873 (stop at 42199)
Short term bias is bullish. We look to buy dips. Bespoke support is located at 42800. Trading within a Bullish Channel formation. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 45292 and 46233
Resistance: 45000 / 45500 / 46500
Support: ...
ASM International - Short Term - We look to Sell a break of 279.90 (stop at 291.90)
The medium term bias remains bearish. Trades with a bearish descending triangle formation. A break of bespoke support at 280.00, and the move lower is already underway. After strong selling pressure at the start of the week the pair consolidated yesterday with little net change...
ArcelorMittal - Short Term - We look to Sell a break of 28.39 (stop at 29.95)
Bespoke resistance is located at 29.00. Price action has posted a bearish Shooting Star and is negative for short-term sentiment. Previous support located at 24.50. Trading within the Channel formation. The bias is still for lower levels and we look for any gains to be limited.
Our...
Ethereum - Intraday - We look to Sell a break of 2997 (stop at 3081)
Broken out of the channel formation to the downside. Trading close to the psychological 3000 level. 20 4hour EMA is at 3011. Short term momentum is bearish.
Our profit targets will be 2777 and 2711
Resistance: 3200 / 3300 / 3400
Support: 3100 / 3000 / 2900
Disclaimer – Saxo Bank...
Baidu - Short Term - We look to Sell at 179.26 (stop at 190.59)
We look to sell rallies. Trading within a Bearish Channel formation. Bespoke resistance is located at 180.00. We look for a temporary move higher. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 180.00, resulting in improved risk/reward.
Our...
LTCUSD - Intraday - We look to Buy a break of 143.42 (stop at 139.97)
A move through bespoke resistance at 142.00 and we look for extended gains. We look for gains to be extended today. Intraday signals are bullish. We are trading within a Bullish Ascending Triangle formation.
Our profit targets will be 153.22 and 159.62
Resistance: 142.00 / 150.00 /...
Bitcoin - Intraday - We look to Buy a break of 44606 (stop at 43772)
Short term bias is bullish. There is no clear indication that the upward move is coming to an end. A break of bespoke resistance at 44500, and the move higher is already underway. Short term RSI has turned positive.
Our profit targets will be 46788 and 47688
Resistance: 44500 / 45500 /...
LTCUSD - Intraday - We look to Sell at 142.41 (stop at 145.92)
Preferred trade is to sell into rallies. 50 1day EMA is at 142.00. Previous resistance located at 142.00. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 142.00, resulting in...
EasyJet - Short Term - We look to Buy at 651.8 (stop at 610.0)
Preferred trade is to buy on dips. Previous resistance, now becomes support at 650.00. The bias is still for higher levels and we look for any dips to be limited. The medium term bias remains bullish. 20 1day EMA is at 635.00. We look for a temporary move lower.
Our profit targets will be 797.8...
Bitcoin - Intraday - We look to Sell at 44288 (stop at 45001)
Daily signals are bearish. 44456 has been pivotal. We are trading at overbought extremes. Bearish divergence can be seen on the daily 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.
Our...
Alibaba - Short Term - We look to Sell a break of 109.62 (stop at 117.14)
A break of 110.00 is needed to confirm follow through negative momentum. Closed below the 20-day EMA. The trend of lower highs is located at 128.00. Our overall sentiment remains bearish looking for lower levels. The primary trend remains bearish.
Our profit targets will be 89.94 and...
The Boeing Company - Short Term - We look to Sell at 229.71 (stop at 242.04)
We look to sell rallies. Previous resistance located at 230.00. Previous support located at 190.00. Trading within a Bearish Channel formation. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 230.00, resulting in improved risk/reward....
Nike - Short Term - We look to Sell a break of 143.08 (stop at 148.92)
Posted a bearish Flag formation. A break of 143.00 is needed to confirm the outlook. Closed below the 20-day EMA. 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. The sequence for trading is lower lows...
Ford - Short Term - We look to Sell at 19.84 (stop at 21.31)
Preferred trade is to sell into rallies. Closed above the 20-day MA. The medium term bias remains bearish. Previous support, now becomes resistance at 20.00.
Our profit targets will be 16.17 and 13.62
Resistance: 20.00 / 25.00 / 30.00
Support: 16.00 / 12.50 / 10.00
Disclaimer – Saxo Bank...
Ethereum - Intraday - We look to Sell at 3328 (stop at 3414)
Daily signals are bearish. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a temporary move higher. The previous swing high is located at 3413.
Our profit targets will be 3106 and 3026
Resistance: 3100 / 3200 / 3300
Support: 3000 /...
Bitcoin - Intraday - We look to Sell a break of 36198 (stop at 36901)
Daily signals are bearish. Selling pressure resulted in prices rejecting the gains. A break of yesterdays low would confirm bearish momentum. Our short term bias remains negative.
Our profit targets will be 34369 and 33469
Resistance: 38200 / 39000 / 40000
Support: 37000 / 36200 /...
