Market analysis from Saxo
The Boeing Company - Short Term - We look to Sell at 208.00 (stop at 216.00) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 205.00. Levels close to the 50% pullback level of 209.60 found sellers. Daily signals are bearish. The bias is still for lower levels and we look for any gains to be limited. Further downside is...
Bitcoin - Intraday - We look to Buy at 46485 (stop at 45338) Previous support located at 46500. Previous resistance located at 49500. We look for a temporary move lower. 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 46500, resulting in...
Gevo - Short Term - We look to Buy at 4.70 (stop at 4.00) Price action has continued to range within a rectangle formation. 4.60 continues to hold back the bears. Previous resistance located at 8.00. Trading has been mixed and volatile. We look to buy dips. Our profit targets will be 7.60 and 9.50 Resistance: 6.00 / 8.00 / 10.00 Support: 4.60 / 4.00 /...
Micron Technology - Short Term - We look to Buy at 87.30 (stop at 83.80) The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Prices are extending higher from the bullish flag/pennant formation. Trading volume is increasing. Daily signals are bullish. Further upside is expected although we...
Microsoft - Short Term - We look to Buy at 306.00 (stop at 290.00) We look to buy dips. Previous resistance, now becomes support at 305.00. Trend line support is located at 310.00. We have a 61.8% Fibonacci pullback level of 280.00 from 350.00 to 306.74. The bias is still for higher levels and we look for any dips to be limited. Further upside is expected...
LTCUSD - Intraday - We look to Buy at 142.75 (stop at 137.56) Trading within the Channel formation. We look to buy dips. Previous support located at 142.00. Previous resistance located at 156.00. Dip buying offers good risk/reward. Our profit targets will be 157.45 and 165.50 Resistance: 156.00 / 170.00 / 190.00 Support: 142.00 / 130.00 / 120.00 ...
Bitcoin - Intraday - We look to Sell at 49099 (stop at 50001) Daily signals are bearish. Trades with a bearish descending triangle formation. The bias is to break to the downside. Trend line resistance is located at 49100. Preferred trade is to sell into rallies. Our profit targets will be 46712 and 45912 Resistance: 47800 / 48800 / 49800 Support: 46500...
Take-Two Interactive - Short Term - We look to Buy a break of 174.44 (stop at 168.88) Daily signals are bullish. A bullish reverse Head and Shoulders has formed. Buying continued from the 61.8% pullback level of 164.18. The trend of higher lows is located at 163.50. The bias is still for higher levels and we look for any dips to be limited. A move through...
Riot Blockchain - Short Term - We look to Buy at 26.27 (stop at 21.28) Trading within a Bullish Channel formation. We look to trade the current range. Previous support located at 24.00. Previous resistance located at 41.00. 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...
Etsy - Short Term - We look to Buy at 229.00 (stop at 206.00) Previous resistance, now becomes support at 229.00. There is ample scope for a move higher from this important support. Trend line support is located at 220.00. Further upside is expected and we look to set longs in early trade. Buying continued from the 61.8% pullback level of 211.41. This move is...
NAKD - Short Term - We look to Buy at 0.5220 (stop at 0.4286) Trading within a Bullish Channel formation. Price action has stalled at good support levels and currently trades just above here (0.5000). Previous resistance located at 1.0000. Offers ample risk/reward to buy at the market. The bias is still for higher levels and we look for any dips to be limited....
Bitcoin - Short Term - We look to Sell at 55241 (stop at 58088) Previous support, now becomes resistance at 55572. Daily signals are mildly bearish. We have a 38.2% Fibonacci pullback level of 55567 from 69058 to 47229. Trend line resistance is located at 54000. Our profit targets will be 47396 and 43290 Resistance: 55572 / 60000 / 70000 Support: 47447...
Ethereum - Short Term - We look to Sell a break of 3899 (stop at 4067) A bearish Head and Shoulders is forming. A break of the neckline is required to confirm the formation. We have a 61.8% Fibonacci pullback level of 3495 from 2647 to 4866. The trend of lower highs is located at 4225. Further downside is expected and we prefer to set shorts in early trade....
LTCJPY - Intraday - We look to Buy a break of 18456 (stop at 16716) Intraday signals are mildly bullish. Previous support at 22000 now becomes resistance. A break of bespoke resistance at 18170, and the move higher is already underway. 17275 continues to hold back the bears. This move is expected to continue and we look to set longs at good risk/reward levels....
Litecoin - Intraday - We look to Sell at 186.76 (stop at 205.69) We look to sell rallies. Daily signals are bearish. Previous support, now becomes resistance at 190.00. The bias is still for lower levels and we look for any gains to be limited. The 50% Fibonacci retracement is located at 186.01 from 230.30 to 141.73. Further downside is expected although we...
Berkshire Hathaway B - Short Term - We look to Buy at 275.30 (stop at 268.50) We look to buy dips. We are trading within a Bullish Ascending Triangle formation. Previous support located at 275.00. The primary trend remains bullish. We look for a temporary move lower. The bias is still for higher levels and we look for any dips to be limited. Further upside is...
DocuSign - Short Term - We look to Sell at 220 (stop at 245) The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We have a Gap open at 227 from 03/12 to 06/12. Further downside is expected although we prefer to sell into rallies close to the 220 level. The reaction lower is negative and...
Bitcoin - Intraday - We look to Buy at 45177 (stop at 43101) Price action continues to gravitate towards crucial support levels with aggressive selling interest. Bespoke support is located at 45174. We have a 78.6% Fibonacci pullback level of 45874 from 69058 to 36561. As this corrective sequence continues we look to set longs on a dip at better risk/reward...