Market analysis from Saxo
Amazon - Short Term - We look to Buy at 3301.00 (stop at 3121.00) Trading within a Bullish Channel formation. Previous support located at 3200.00. Previous resistance located at 3800.00. A bullish hammer has been posted as prices reject the lower levels. We continue to expect further losses to be limited and look to set longs for a further drive higher within...
Ethereum - Intraday - We look to Sell at 3233 (stop at 3304) We look to sell rallies. There is no indication that the selloff is coming to an end. 20 4hour EMA is at 3240. The bias is still for lower levels and we look for any gains to be limited. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 3086 and 3012 ...
Meta Platforms - Short Term - We look to Buy at 328.00 (stop at 319.00) Price action has posted a bullish Hammer and is positive for short-term sentiment. Bespoke support is located at 325.00. We look for gains to be extended today. Previous resistance located at 350.00. Risk/reward is ample to call a buy trade. Our profit targets will be 352.00 and 360.00 ...
Coinbase - Short Term - We look to Buy at 224.00 (stop at 213.00) Previous support located at 225.00. Posted a Bullish Hammer Bottom on the Daily chart. We look for a temporary move higher. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Risk/reward is ample to call a buy trade. Our profit targets will be...
Bitcoin - Intraday - We look to Buy at 40604 (stop at 39888) With signals for sentiment at oversold extremes, the dip could not be extended. 41517 has been pivotal. Offers ample risk/reward to buy at the market. Bullish divergence is expected to support prices. We continue to expect further losses to be limited and look to set longs for a further drive higher...
Fastly - Short Term - We look to Sell at 33.50 (stop at 37.10) Previous support, now becomes resistance at 34.00. There is no indication that the selloff is coming to an end. 20 1day EMA is at 36.50. 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...
Bitcoin - Short Term - We look to Buy at 40039 (stop at 38787.0) Previous support located at 40000. The bias is still for higher levels and we look for any dips to be limited. We are trading at oversold extremes. Further upside is expected although we prefer to set longs at our bespoke support levels at 40000, resulting in improved risk/reward. Risk/Reward...
Tesla - Short Term - We look to Buy at 1082 (stop at 1029) The medium term bias remains bullish. We have a Gap open at 1056.78 from 31/12/2021 to 03/01/2022. The trend of higher lows is located at 1050. Bespoke support is located at 910. Preferred trade is to buy on dips. Our profit targets will be 1248 and 1400 Resistance: 1201 / 1243 / 1300 Support: ...
Bitcoin - Intraday - We look to Buy at 46555 (stop at 45267) Preferred trade is to buy on dips. Previous support located at 46000. Further upside is expected and we look to set longs in early trade. Previous resistance located at 52000. Risk/reward is ample to call a buy trade. Our profit targets will be 51661 and 53000 Resistance: 49000 / 50000 / 51000 ...
Ethereum - Intraday - We look to Buy at 3648 (stop at 3574) We look to buy dips. Previous support located at 3650. Intraday signals are mildly bullish. The bias is still for higher levels and we look for any dips to be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 3650, resulting in improved risk/reward....
CrowdStrike Holdings - Short Term - We look to Sell at 198.40 (stop at 207.60) There is no indication that the selloff is coming to an end. Previous support level of 200.00 broken. 20 1day EMA is at 210.00. Trading volume is increasing. Yesterday's move lower brings an end to the run of consecutive higher lows. Further downside is expected and we prefer to set...
Amazon - Short Term - We look to Buy at 3408.30 (stop at 3307.80) Daily signals are bullish. Closed above the 200-day MA. Trend line support is located at 3335.00. 3300.00 continues to hold back the bears. This is positive for sentiment and the uptrend has potential to return. Further upside is expected and we look to set longs in early trade. Our profit...
Taiwan Semiconductor Manufacturing Company - Short Term - We look to Buy at 117.00 (stop at 114.00) We look to buy dips. Trend line support is located at 116.00. The trend of higher lows is located at 114.00. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 127.00. This move is expected to continue and we...
GME - Short Term - We look to Buy a break of 162.00 (stop at 134.00) A move through bespoke resistance at 160.00 and we look for extended gains. Posted a Triple Bottom formation. 140.00 continues to hold back the bears. Previous resistance located at 250.00. 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 at 47147 (stop at 45406) We look to buy dips. Previous resistance located at 52000. Previous support located at 46000. Intraday signals are mixed. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade. Our profit targets will be 51975 and 52450 Resistance: ...
Ethereum - Intraday - We look to Buy at 3698 (stop at 3613) We look to buy dips. Previous support located at 3700. Trading within the Channel formation. The bias is still for higher levels and we look for any dips to be limited. 3700 continues to hold back the bears. Our profit targets will be 3985 and 4085 Resistance: 3900 / 4000 / 4500 Support: 3700 /...
Adobe - Short Term - We look to Sell at 602.00 (stop at 627.00) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 605.00. 20 1day EMA is at 602.00. We have a 38.2% Fibonacci pullback level of 599.72 from 699.50 to 538.00. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be...
Lloyds Banking Group - Short Term - We look to Sell at 2.75 (stop at 2.90) We look to sell rallies. We are assessed as being in a large channel formation with the resistance level located at 2.75. The bias is still for lower levels and we look for any gains to be limited. Risk/Reward would be poor to call a sell from current levels. Further downside is expected...