Netflix - Intraday - We look to Sell at 642 (stop at 665.4)
Selling pressure dominated price action yesterday and we expect this to continue today. Posted a Double Top formation. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. As this corrective sequence continues we look to set shorts on...
Bitcoin - Intraday - We look to Sell a break of 42346 (stop at 42701)
Intraday signals are bearish. Current prices have reacted from a low of 42500, however, we expect further losses to follow. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Trades with a bearish descending triangle...
Tencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00)
Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
Shopify - Short Term - We look to Sell at 1266 (stop at 1328)
A bearish Head and Shoulders has formed. Neckline resistance 1300. There is no indication that the selloff is coming to an end. 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...
Beyond Meat - Short Term - We look to Buy at 60.97 (stop at 55.50)
Previous support located at 60.00. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move higher. This provides an excellent risk/reward opportunity to fade the current bearish move.
Our profit targets will be 85.29 and 94.12
Resistance: ...
MELI - Short Term - We look to Sell at 1290.00 (stop at 1392.00)
Posted a Double Top formation. Closed below the 20-day EMA. Trading volume is increasing. Our overall sentiment remains bearish looking for lower levels. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 959.00 and 763.00
Resistance: 1300.00...
Ethereum - Intraday - We look to Buy at 3712 (stop at 3636.0)
We look to buy dips. Previous support located at 3700. Intraday signals are mildly bullish. Previous support at 3900 now becomes resistance. Further upside is expected although we prefer to set longs at our bespoke support levels at 3700, resulting in improved risk/reward.
Our profit targets will...
Bitcoin - Intraday - We look to Sell at 50185.0 (stop at 51857)
Previous support located at 45500. Previous resistance located at 51000. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. We look to sell rallies.
Our profit targets will be 45467.0 and 44500
Resistance: 49000 / 50000 / 51000
...
IBM - Intraday - We look to Buy at 125.98 (stop at 122.20)
A bullish reverse Head and Shoulders has formed. The formation has a measured move target of 134.63. Closed above the 50-day MA. The stock is currently outperforming in its sector. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 134.53 and 138.15
...
Ethereum - Intraday - We look to Sell at 3931 (stop at 4087)
A bearish Head and Shoulders has formed. Neckline resistance 3956. We have a 38.2% Fibonacci pullback level of 3985.5 from 4491 to 3673. Daily signals are bearish. 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....
Quantafuel - Intraday - We look to Sell at 32.10 (stop at 34.50)
The hanging man candle on the daily chart is negative for sentiment. Price action has continued to trend strongly higher and has stalled at the previous resistance near 33.04. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. We look...
MercadoLibre - Short Term - We look to Sell at 1262.00 (stop at 1345.00)
Posted a Double Top formation. Previous support, now becomes resistance at 1261.00. We look for a temporary move higher. 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...
Royal Dutch Shell 'A' - Short Term - We look to Sell at 19.49 (stop at 20.37)
Short term momentum is bearish. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We have a Gap open at 19.49 from 25/11/2021 to 26/11/2021. We expect a move lower in a corrective sequence, targeting...
Bitcoin - Intraday - We look to Buy at 55852 (stop at 54979)
Daily signals are mildly bullish. Dips continue to attract buyers. 55640 has been pivotal. We look to buy dips. Trend line support is located at 55800. We are trading at oversold extremes.
Our profit targets will be 58348 and 59248
Resistance: 57000 / 58000 / 59000
Support: 56000 / 55000 /...
DSV - Intraday - We look to Sell at 1415 (stop at 1496.5)
Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Further downside is expected although we prefer to set shorts at...
ATOS - Intraday - We look to Sell at 38.73 (stop at 41.72)
The medium term bias remains bearish. Trading within a Bearish Channel formation. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. The formation has a measured move target of 30.61. Further downside is expected although we prefer to set shorts...
Tesla - Intraday - We look to Buy at 911.00 (stop at 850.00)
The medium term bias remains bullish. We have a Gap open at 911 from 22/10/2021 to 25/10/2021. We have a 50% Fibonacci pullback level of 895.24 from 546.98 to 1243.49. Bespoke support is located at 910. Preferred trade is to buy on dips.
Our profit targets will be 1243.00 and 1300.00
Resistance: ...
Nikola Corporation - Intraday - We look to Sell at 13.54 (stop at 15.24)
We look to sell rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 13.50. Previous support located at 9.00. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight...
