Zoom - 30d expiry - We look to Sell a break of 68.68 (stop at 71.71)
Trades at the lowest level in 34months.
Price action continues to trade around the all-time lows.
We are trading at oversold extremes.
This stock fell 3 % last week.
Short term momentum is bearish.
A break of the recent low at 68.88 should result in a further move lower.
The bias is to...
Total Energies - 30d expiry - We look to Sell a break of 55.39 (stop at 57.11)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 55.51 should result in a further move lower.
Bearish divergence is expected to cap gains.
Although the bulls are in control, the stalling positive momentum indicates a turnaround...
NZDUSD - 21h expiry - We look to Buy at 0.6400 (stop at 0.6349)
Previous support located at 0.6450. Previous resistance located at 0.6500.
The current move higher is expected to continue.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6500 will confirm the bullish momentum.
Our profit targets will be 0.6528 and 0.6558...
Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61)
Daily signals are mildly bullish.
Price action is forming a bullish flag which has a bias to break to the upside.
Trend line support is located at 327.
We look to buy dips.
We are trading at oversold extremes.
This stock has seen good sales growth.
50 1 day EMA is at 329.
Our profit targets...
Airbus - Intraday - We look to Sell at 111.86 (stop at 117.22)
Price action continued to range between key support & resistance (90 - 112) and we expect this to continue.
Expect trading to remain mixed and volatile.
We are trading at overbought extremes.
A higher correction is expected.
Offers ample risk/reward to sell at the market.
The previous high is...
GBPNZD - 21h expiry - We look to Buy at 1.9050 (stop at 1.8890)
Previous support located at 1.9050.
Previous resistance located at 1.9300.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9230 will confirm the bullish momentum.
Our profit targets...
Novavax - 30d expiry - We look to Sell a break of 15.49 (stop at 17.01)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Prices are extending lower from the bearish flag/pennant formation.
Posted a bearish Flag formation.
A break of 15.50 is needed to confirm the outlook.
The bias is to break to the...
GBPNZD - 20h expiry - We look to Sell at 1.9279 (stop at 1.9361)
Our short term bias remains negative.
The 50% Fibonacci retracement is located at 1.9275 from 28/11/2022 to 01/12/2022.
Bespoke resistance is located at 1.9282. Preferred trade is to sell into rallies.
Our profit targets will be 1.9095 and 1.9000
Resistance: 1.9250 / 1.9275 / 1.9282
Support:...
AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62)
The previous swing high is located at 20.90.
There is no clear indication that the upward move is coming to an end.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance is located at 20.90 and should cap gains to this area.
Expect trading to...
US500 - Intraday - We look to Sell at 3969 (stop at 3994)
Posted Mixed Daily results for the last 3 days.
Intraday, and we are between bespoke support and resistance 3913-3969.
The medium term bias remains bearish.
Preferred trade is to sell into rallies.
Our profit targets will be 3913 and 3700
Resistance: 3969 / 4050 / 4097
Support: 3913 / 3700 /...
ASML Holding - 30d expiry - We look to Buy a break of 591 (stop at 559)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Short term momentum is bullish.
This stock has seen good sales growth.
A break of the recent high at 588 should result in a further move higher.
The bias is to break to the upside.
The...
Carnival Corporation - 30d expiry - We look to Sell at 10.88 (stop at 11.67)
The primary trend remains bearish.
Prices have reacted from 6.11.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
11.00 continues to hold back the bulls.
11.49 has been pivotal.
The previous swing high is located at 11.19.
Preferred...
Engie - 30d expiry - We look to Sell a break of 14.09 (stop at 14.61)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Short term RSI is moving lower.
Momentum is stalling with the posting of new highs and indicates bearish divergence.
A higher correction is...
NIK225 - 21h expiry - We look to Sell at 27925 (stop at 28140)
Buying pressure from 27410 resulted in prices rejecting the dip.
With the Ichimoku cloud resistance above we expect gains to be limited.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be...
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71)
Posted a Treble Top formation.
The primary trend remains bearish.
In our opinion this stock is overvalued.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
26.14 has been pivotal.
26 continues to hold back the...
EasyJet - 30d expiry - We look to Buy at 351.1 (stop at 332.9)
A bullish reverse Head and Shoulders is forming.
Levels below 350 continue to attract buyers.
Bespoke support is located at 345.
We look to buy dips.
This stock has seen good sales growth.
338 has been pivotal.
Our profit targets will be 396.6 and 406.6
Resistance: 375 / 400 / 430
Support:...
Netflix - 30d expiry - We look to Buy at 281.11 (stop at 265.74)
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 1day EMA is at 276.80.
The 1 day moving average should provide support at 276.80.
Daily signals are bullish.
Expect trading to...
Lloyds Bank - 30d expiry- We look to Buy at 43.71 (stop at 41.98)
Broken out of the Head and Shoulders formation to the upside.
Previous resistance at 43.70 now becomes support.
We look for a temporary move lower.
Support is located at 43.70 and should stem dips to this area.
Daily signals are mildly bullish.
Expect trading to remain mixed and volatile.
A...
