Avacta Group - Short Term - We look to Sell at 99.10 (stop at 112.85)
Preferred trade is to sell into rallies. Previous support level of 105.00 broken. 50 1day EMA is at 100.00. Previous support at 105.00 now becomes resistance. Trading close to the psychological 100.00 level. Further downside is expected although we prefer to set shorts at our bespoke...
Prosus - Short Term - We look to Buy at 68.11 (stop at 65.01)
We look to buy dips. Trading within the Channel formation. Previous support located at 68.00. Previous resistance located at 80.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 77.39 and 80.50
Resistance: 80.00 / 90.00 / 100.00
Support:...
Carrefour - Short Term - We look to Buy a break of 18.15 (stop at 17.62)
Posted a bullish Flag formation. A break of 18.00 is needed to confirm the outlook. 20 1day EMA is at 17.30. The stock is expected to outperform in its sector. 17.50 continues to hold back the bears.
Our profit targets will be 19.99 and 21.10
Resistance: 18.50 / 20.00 / 22.00
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Lucid Group - Short Term - We look to Sell at 35.20 (stop at 38.50)
Previous support level of 36.00 broken. Previous support at 36.00 now becomes resistance. Closed below the 20-day EMA. Our overall sentiment remains bearish looking for lower levels. Preferred trade is to sell into rallies.
Our profit targets will be 24.30 and 22.30
Resistance: 36.00 /...
Bitcoin - Intraday - We look to Sell at 40468 (stop at 41404)
Daily signals are bearish. We are trading at oversold extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. 50 4hour EMA is at 39300. Previous support, now becomes resistance at 40500.
Our profit targets will be 38008 and 37118
Resistance: ...
NVIDIA - Short Term - We look to Buy at 223.00 (stop at 203.00)
Preferred trade is to buy on dips. Levels close to the 50% pullback level of 231.07 found buyers. Trend line support is located at 210.00. The stock is currently outperforming in its sector. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be...
Bitcoin - Intraday - We look to Buy a break of 37101 (stop at 36398)
We are trading at oversold extremes. A break of yesterdays high would confirm bullish momentum. Mixed and choppy price action resulted in the early move lower being rejected and prices closed higher. 20 1day EMA is at 40600. A higher correction is expected. With signals for sentiment at...
Wells Fargo - Short Term - We look to Buy at 52.00 (stop at 50.30)
We look to buy dips. 50 1day EMA is at 51.50. Buying continued from the 50% pullback level of 52.56. Posted a Bullish Hammer Bottom on the Daily chart. Previous resistance, now becomes support at 51.00.
Our profit targets will be 58.10 and 61.45
Resistance: 55.00 / 59.00 / 65.00
Support: ...
Tesla - Short Term - We look to Buy at 900 (stop at 847)
Posted a Bullish Hammer Bottom on the Daily chart. Previous support located at 900. Trading within a Bullish Channel formation. Expect trading to remain mixed and volatile. 900 continues to hold back the bears. Offers ample risk/reward to buy at the market.
Our profit targets will be 1112 and 1190
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Ethereum - Intraday - We look to Sell at 2446 (stop at 2535)
We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. The trend of lower highs is located at 2530. 20 1hour EMA is at 2445. Preferred trade is to sell into rallies. A lower correction is expected.
Our profit...
Sundial Growers - Short Term - We look to Sell at 0.5245 (stop at 0.5700)
Previous support level of 0.5400 broken. The trend of lower highs is located at 0.6660. Previous support, now becomes resistance at 0.5400. 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...
Li Auto - Short Term - We look to Sell a break of 26.98 (stop at 28.34)
Trading within the Channel formation. The bias is still for lower levels and we look for any gains to be limited. Previous support located at 28.00. A break of 28.00 is needed to confirm follow through negative momentum. Risk/Reward would be poor to call a sell from current levels.
Our...
BlackBerry - Short Term - We look to Sell a break of 8.38 (stop at 8.97)
Previous support located at 8.50. The primary trend remains bearish. The trend of lower highs is located at 9.50. A break of bespoke support at 8.50, and the move lower is already underway.
Our profit targets will be 6.53 and 5.80
Resistance: 9.50 / 10.00 / 12.00
Support: 8.50 /...
Bitcoin - Intraday - We look to Sell at 40626 (stop at 41591)
We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. Previous support at 40500 now becomes resistance. Preferred trade is to sell into rallies. 20 4hour EMA is at 41000.
Our profit targets will be 37450 and 37100
Resistance: 39000 / 40000...
Lloyds Bank - Short Term - We look to Buy at 50.06 (stop at 48.36)
Preferred trade is to buy on dips. Previous resistance, now becomes support at 50.00. 50 1day EMA is at 49.80. The 50% Fibonacci retracement is located at 50.18 from 44.36 to 56.00. This move is expected to continue and we look to set longs at good risk/reward levels.
Our profit targets will...
NIO - Short Term - We look to Sell a break of 27.53 (stop at 29.42)
The primary trend remains bearish. Bespoke support is located at 28.00. A move through 27.50 will confirm the bearish momentum. Closed below the 20-day EMA. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 22.82 and 21.10
Resistance: ...
Ethereum - Intraday - We look to Sell at 3248 (stop at 3306)
Daily signals are bearish. Bespoke resistance is located at 3250. We look for a temporary move higher. 50 4-hour EMA is located at 3250. Preferred trade is to sell into rallies.
Our profit targets will be 3091 and 3031
Resistance: 3200 / 3250 / 3300
Support: 3100 / 3000 / 2900
Disclaimer – Saxo...
Apple - Short Term - We look to Sell at 168.18 (stop at 171.84)
Previous support level of 169.00 broken. Closed below the 50-day EMA. We look for losses to be extended today. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 157.25 and 152.20
Resistance: 169.00 / 175.00 / 180.00
Support: 160.00 /...
