Exxon Mobile - 30d expiry - We look to Buy at 108.31 (stop at 105.91)
There is no clear indication that the upward move is coming to an end.
We are trading at overbought extremes.
Levels below 109 continue to attract buyers.
We look to buy dips.
The move has rejected gains and is expected to disappoint buyers.
The hourly chart technicals suggests further...
NASDAQ - Intraday - We look to Buy at 11613 (stop at 11463)
Majority of the initial daily losses being recaptured.
Bespoke resistance is located at 12232.
Bespoke support is located at 11613.
An overnight positive theme in Equities has led to a higher open this morning.
The bias remains mildly bullish but there is scope for a move in either direction at the...
Danone - 30d expiry - We look to Buy a break of 50.81 (stop at 49.58)
Price action has formed a bullish ascending triangle formation.
50.73 has been pivotal.
Posted a Double Top formation.
A break of the recent high at 50.74 should result in a further move higher.
This stock has seen good sales growth.
In our opinion this stock is undervalued.
Our profit...
NASDAQ - Intraday - We look to Buy at 11438 (stop at 11313)
Continued downward momentum from 12085 resulted in the pair posting net daily losses yesterday.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 11438.
A Fibonacci confluence area is located at 9668.
Although the anticipated move higher is...
NIK225 - 22h expiry - We look to Buy at 27675 (stop at 27360)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Trading within a Bullish Channel formation.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Preferred...
NASDAQ - Intraday - We look to Buy at 11601 (stop at 11449)
There is no clear indication that the upward move is coming to an end.
The 261.8% Fibonacci extension is located at 12160 from 10592 to 11191.
Risk/Reward would be poor to call a buy from current levels.
We look to set longs at our bespoke indicator levels (11600).
Our profit targets will be 11991...
GBPNZD - 21h expiry - We look to Buy at 1.9150 (stop at 1.8990)
Previous support located at 1.9200.
Previous resistance located at 1.9400.
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 1.9400 will confirm the bullish momentum.
Our profit targets...
Netflix - 30d expiry - We look to Buy a break of 306.01 (stop at 279.87)
Short term momentum is bullish.
Short term RSI has turned positive.
A break of the recent high at 305.52 should result in a further move higher.
305.52 has been pivotal.
In our opinion this stock is undervalued.
Our outlook is bullish.
Our profit targets will be 368.68 and 378.68...
Alstom - 30d expiry - We look to Buy at 22.22 (stop at 21.24)
Previous resistance at 22.00 now becomes support.
22.02 has been pivotal.
A lower correction is expected.
We look to buy dips.
Expect trading to remain mixed and volatile.
Selling posted close to the previous high of 25.67.
The daily chart technicals suggests further downside before the uptrend...
Amazon - 30d expiry - We look to Buy a break of 105.01 (stop at 100.26)
103.78 has been pivotal.
We are trading at oversold extremes.
Prices have reacted from 85.88.
In our opinion this stock is undervalued.
Previous support, now becomes resistance at 105.
A break of resistance at 105 should lead to a more aggressive move higher towards 115.
Our profit...
Carrefour - 30d expiry - We look to Sell a break of 15.97 (stop at 16.55)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 16.00 should result in a further move lower.
The primary trend remains bearish.
16.00 continues to hold back the bears.
Bearish divergence can be seen on...
Roblox - 30D expiry- We look to Sell at 40.68 (stop at 43.71)
Price action has formed an expanding wedge formation.
The trend of higher highs is located at 41.00.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Expect trading to remain mixed and volatile.
Our profit targets will be 33.33 and...
US500 - 8h expiry - We look to Buy at 3790 (stop at 3765)
Broken out of the triangle formation to the upside.
The formation has a measured move target of 3898.
Dips continue to attract buyers.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Bespoke support is located at 3790.
Our profit targets will be 3890...
HS50 - 21h expiry - We look to Buy at 16461 (stop at 16249)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
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 close to the 16400 level.
Our profit...
Mastercard - 30d expiry - We look to Buy at 309.51 (stop at 297.77)
The primary trend remains bullish.
Support is located at 310 and should stem dips to this area.
Short term momentum is bullish.
A lower correction is expected.
308.8 has been pivotal.
Short term bias has turned positive.
This stock has seen good sales growth.
Our profit targets will be...
Delivery Hero - 30d expiry - We look to Sell at 40.44 (stop at 44.22)
Levels close to the 50% pullback level of 40.50 found sellers.
The primary trend remains bearish.
We look for a temporary move higher.
Levels close to the 78.6% pullback level of 31.00 found buyers.
Preferred trade is to sell into rallies.
Our profit targets will be 31.66 and 28.66...
Walt Disney - 30d expiry - We look to Buy a break of 102.11 (stop at 97.88)
We are trading at oversold extremes.
A break of the recent high at 101.50 should result in a further move higher.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least...
Societe Generale - 30D expiry - We look to Sell at 25.79 (stop at 27.22)
25.89 has been pivotal.
The trend of higher highs is located at 25.80.
Preferred trade is to sell into rallies.
Daily signals are mildly bearish.
Our profit targets will be 22.22 and 21.22
Resistance: 23.00 / 24.00 / 25.00
Support: 22.00 / 21.00 / 20.00
Disclaimer – Saxo Bank...
