Tencent Holding - Intraday - We look to Sell at 65.30 (stop at 68.70)
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...
CSCO - Short Term - We look to Buy at 59.26 (stop at 57.57)
Preferred trade is to buy on dips. We have a 38.2% Fibonacci pullback level of 58.97 from 51.08 to 63.84. Previous resistance, now becomes support at 59.00. 20 1day EMA is at 59.80. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 63.83 and 64.50...
Newmont Corporation - Short Term - We look to Sell at 58.49 (stop at 60.65)
Trading within the Channel formation. Price action has posted a Doji candle and signals a possible reversal of the recent trend. Price action has stalled at good resistance levels and currently trades just below here (60.00). Previous support located at 52.50. Offers ample risk/reward...
Bitcoin - Intraday - We look to Buy a break of 49808 (stop at 49039)
Dips continue to attract buyers. Trend line resistance is located at 49500. Bespoke resistance is located at 49800. Trading close to the psychological 50000 level. Further upside is expected and we look to set longs in early trade. A clear break of 50000 and we would look for further gains to...
LTCUSD - Short Term - We look to Sell a break of 140.40 (stop at 146.97)
Trades with a bearish descending triangle formation. A break of 142.00 is needed to confirm follow through negative momentum. The trend of lower highs is located at 152.00. Further downside is expected and we prefer to set shorts in early trade. A break of bespoke support at 142.00, and...
Ethereum - Intraday - We look to Buy at 3773 (stop at 3657)
Trading within the Channel formation. The trend of higher lows is located at 3755. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 3750. We look to buy dips.
Our profit targets will be 4076 and 4233
Resistance: 4100 / 4200 / 4500
Support: ...
Bitcoin - Intraday - We look to Buy at 45618 (stop at 44861)
Previous support located at 45500. Trades with a bearish descending triangle formation. We look for a temporary move higher. The bias is still for higher levels and we look for any dips to be limited. We look to buy dips.
Our profit targets will be 47548 and 48000
Resistance: 48000 / 49000 /...
Capita - Short Term - We look to Buy at 33.70 (stop at 31.08)
We look to buy dips. We are trading at oversold extremes. Price action moved lower but found support at 34.00. We look for a temporary move higher. A higher correction is expected. Risk/reward is ample to call a buy trade.
Our profit targets will be 48.89 and 55.00
Resistance: 45.00 / 50.00 /...
Bitcoin - Intraday - We look to Buy at 48014 (stop at 46987)
Bespoke support is located at 48000. 47111 has been pivotal. Dips continue to attract buyers. We look to buy dips.
Our profit targets will be 50777 and 51677
Resistance: 49800 / 50800 / 52000
Support: 48800 / 48000 / 47000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are...
LTCUSD - Intraday - We look to Buy at 143.77 (stop at 134.00)
We look to buy dips. 141.00 continues to hold back the bears. Further upside is expected. We look for a temporary move lower. Indecisive price action has resulted in sideways congestion on the daily chart. Further upside is expected although we prefer to set longs at our bespoke support levels at...
Coca-Cola - Short Term - We look to Buy at 56.74 (stop at 55.13)
Previous resistance level of 57.00 broken. Posted a Double Bottom formation. The formation has a measured move target of 61.27. Daily signals are bullish. Risk/Reward would be poor to call a buy from current levels. Further upside is expected although we prefer to set longs at our bespoke support...
GameStop - Short Term - We look to Buy at 158.81 (stop at 130.88)
Previous support located at 145.98. Posted a Bullish Hammer Bottom on the Daily chart. Daily signals are mildly bullish. 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 239.71 and 293.57
...
NVIDIA - Short Term - We look to Buy at 236.90 (stop at 198.95)
We look to buy dips. Trend line support is located at 237.00. Previous resistance at 230.00 now becomes support. The 50% Fibonacci retracement is located at 231.50 from 116.00 to 347.00. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a...
Ethereum - Intraday - We look to Sell at 4455 (stop at 4616)
Price action continued to range between key support & resistance (3905 - 4868) and we expect this to continue. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. We have a 61.8% Fibonacci pullback level of 4455 from 3923 to 4784. Preferred trade is to...
Alphabet - Short Term - We look to Sell at 2875 (stop at 2967)
Broken out of the channel formation to the downside. Price action has formed a bearish ending wedge formation. Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment. A lower correction is expected. Preferred trade is to sell into rallies.
Our profit targets...
Ethereum - Intraday - We look to Sell a break of 4209 (stop at 4302)
Trading within a Bearish Channel formation. Intraday signals are bearish. A break of yesterdays low would confirm bearish momentum. We expect a significant move lower if prices manage to break the 4250 support. Further downside is expected and we prefer to set shorts in early trade.
Our...
Netflix - Short Term - We look to Buy at 564.00 (stop at 542.00)
We look to buy dips. We have a 61.8% Fibonacci pullback level of 479.00 from 700.00 to 563.00. The 200 day moving average should provide support at 560.00. Previous resistance, now becomes support at 560.00. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward...
AMC - Short Term - We look to Sell at 34.12 (stop at 39.53)
We look to sell rallies. Previous support at 34.50 now becomes resistance. 50 4hour EMA is at 35.78. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
