Barclays - 30d expiry - We look to Sell at 172.38 (stop at 178.52)
175 continues to hold back the bulls.
Broken out of the Head and Shoulders formation to the upside.
The primary trend remains bearish.
Bespoke resistance is located at 173.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance could...
Plug Power - 30d expiry - We look to Sell at 19.18 (stop at 20.73)
Broken out of the Head and Shoulders formation to the downside.
Our short term bias remains negative.
Bespoke resistance is located at 19.00.
Preferred trade is to sell into rallies.
Daily signals are bearish.
We are trading at oversold extremes.
Our profit targets will be 15.31 and 15.01...
US500 - Intraday - We look to Buy at 3945 (stop at 3920)
A Fibonacci confluence area is located at 4015.
With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals.
Bespoke support is located at 3945.
Preferred trade is to buy on dips.
Our profit targets will be 4012 and 4046...
BE SEMICONDUCTOR INDUSTRIES - Intraday - We look to Buy a break of 64.52 (stop at 61.24)
Daily signals are bullish.
Our short term bias remains positive.
Price action is forming a bullish flag which has a bias to break to the upside.
64.38 has been pivotal.
A break of the recent high at 64.38 should result in a further move higher.
The primary trend remains...
US500 - Intraday - We look to Buy at 3958 (stop at 3927)
A Fibonacci confluence area is located at 4038.
Continued downward momentum from 4040 resulted in the pair posting net daily losses yesterday.
Selling posted in Asia.
Intraday, and we are between bespoke support and resistance 3958-4048.
Preferred trade is to buy on dips.
Our profit targets will be...
LVMH - 30d expiry - We look to Buy a break of 713 (stop at 695)
The primary trend remains bullish.
Posted a bullish Flag formation.
A break of 714 is needed to confirm the outlook.
712 has been pivotal.
The measured move target is 760.
Our outlook is bullish.
Our profit targets will be 758 and 768
Resistance: 705 / 713 / 730
Support: 689 / 680 /...
Taiwan Semiconducotor - 30d expiry- We look to Buy a break of 83.22 (stop at 79.92)
Prices have reacted from 59.44.
Short term momentum is bullish.
Price action has formed a bullish ascending triangle formation.
A break of the recent high at 83.18 should result in a further move higher.
Our outlook is bullish.
Our profit targets will be 91.48 and 92.48...
Euronav - 30d expiry - We look to Sell a break of 17.96 (stop at 18.72)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
17.99 has...
HS50 - 22h expiry - We look to Buy at 17450 (stop at 17115)
Buying pressure from 17289 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips...
NASDAQ - Intraday - We look to Buy at 11611 (stop at 11494)
Buying pressure from 11726 resulted in all the initial daily selloff being recaptured.
A Fibonacci confluence area is located at 12002.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Bespoke support is located at 11615.
Our profit targets will be...
NIK225 - 21h expiry - We look to Sell at 28455 (stop at 28650)
We are trading at overbought extremes.
A lower correction is expected.
Previous resistance located at 28339. 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 27895 and 27515
Resistance:...
TKWY - 30d expiry - We look to Sell a break of 20.38 (stop at 21.53)
The primary trend remains bearish.
We are trading at overbought extremes.
A higher correction is expected.
The bearish engulfing candle on the daily chart is negative for sentiment.
50 4hour EMA is at 20.44.
A break of the recent low at 20.44 should result in a further move lower.
Our...
US500 - Intraday - We look to Buy at 3907 (stop at 3859)
A Fibonacci confluence area is located at 4038.
Bespoke support is located at 3905.
The previous swing low is located at 3904.
Dips continue to attract buyers.
Our profit targets will be 4038 and 4055
Resistance: 4038 / 4042 / 4055
Support: 3905 / 3902 / 3487
Disclaimer – Saxo Bank Group.
Please...
Alfen - 30d expiry - We look to Buy a break of 94.04 (stop at 90.68)
Prices have reacted from 80.44.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
93.92 has been pivotal.
A break of the recent high at 93.92 should result in a further move higher.
The primary trend remains bullish.
The bias is still for higher levels and we look...
Advanced Micro Devices - 30d expiry - We look to Sell a break of 55.48 (stop at 59.11)
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 57.17 should result in a further move lower.
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Our overall...
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.
Rallies should be capped by...
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...
Air Liquide - 30d expiry - We look to Buy a break of 134.52 (stop at 129.88)
Posted a Double Bottom formation.
Prices have reacted from 114.44. Posted a bullish Flag formation.
A break of 134.30 is needed to confirm the outlook.
The bias is to break to the upside.
Our outlook is bullish.
The primary trend remains bullish.
Our profit targets will be 145.88...
