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MRNA being a good market sell?Moderna - 30d expiry - We look to Sell at 186.88 (stop at 198.38) Price action continued to range between key support & resistance (120 - 190) and we expect this to continue. Daily signals are mildly bearish. Posted a Double Top formation. An Evening Doji Star formation has been posted at the high. We look for a temporary move higher. Offers ample risk/reward to sell at the market. Our profit targets will be 158.11 and 150.11 Resistance: 190.00 / 197.44 / 210.00 Support: 180.00 / 170.00 / 160.00 Daily chart Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:MRNAShort
by Saxo
1
Lufthansa to stop flying?Lufthansa - 30d expiry - We look to Sell a break of 7.088 (stop at 7.422) We are trading at overbought extremes. Bearish divergence is expected to cap gains. The primary trend remains bearish. Price action has posted a Doji candle and signals a possible reversal of the recent trend. A higher correction is expected. A break of the recent low at 7.127 should result in a further move lower. Our profit targets will be 6.253 and 6.053 Resistance: 7.250 / 7.420 / 7.500 Support: 7.200 / 7.000 / 6.800 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
XETR:LHAShort
by Saxo
Koninklike in a range.Koninklike Ahold Delhaize - 30d expiry - We look to Buy at 27.14 (stop at 26.59) Price action continued to range between key support & resistance (27.00 - 28.40) and we expect this to continue. 27.05 has been pivotal. 26.84 has been pivotal. Daily signals are mildly bullish. The primary trend remains bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 28.49 and 28.99 Resistance: 28.50 / 28.80 / 29.50 Support: 27.10 / 26.80 / 26.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:ADLong
by Saxo
Fading into FCEL bear flag.FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01) The primary trend remains bearish. Price action is forming a bearish flag which has a bias to break to the downside. A break of the recent low at 2.86 should result in a further move lower. Our outlook is bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 2.24 and 2.14 Resistance: 3.25 / 3.40 / 3.80 Support: 3.00 / 2.77 / 2.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:FCELShort
by Saxo
STM's 0.618 pullbacks still continues to attract sellers.ST Micro Electrics - 30d expiry - We look to Sell at 38.29 (stop at 39.56) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.28 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 35.11 and 34.31 Resistance: 35.60 / 36.60 / 38.00 Support: 34.60 / 33.60 / 32.40 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
SShort
by Saxo
CPIN: Poultry and Consumer Defensive Stocks Possible Bull Run?Hello Fellow Stock Global Trader/Investor! Here's Technical Outlook on CPIN Chart Perspective CPIN is moving in the bullish continuation. The breakout of the bearish trendline and bullish flag indicated a potential bullish bias ahead. Furthermore, the momentum indicator made a golden cross, indicating a possible upside movement to the target area. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CPIN"
IDX:CPINLong
by financialfreedomgoals101
2
A potential continuation of technical downtrends on display Nasdaq Composite Index(IXIC); A strong continuation of technical downtrends on display in the daily time frame. Two technical patterns need to be observed in the daily chart. The bearish flag pattern outlined in blue and the long-term price channel developed during the Covid-19 pandemic both aligned with the 10353 support line, which could trigger a sell-off. The index survived the previous pullback to the 10353 support line but will it survive this time? 10353 and 10038 estimates are considered critical support levels according to the technical indicator. 10038 is the last line of defence; fail at this level, and the index could fall to 9518 and 8486. Not financial advice; the analysis is based on my technical indicator for educational purposes only. You can follow my work for future updates on the stock market as we continue to navigate through market volatility.
NASDAQ:IXIC
by Rotuma
Dow Jones is on the verge of collapsing Dow Jones (DJI) fell below the crucial support line in Friday's trades following multiple failed attempts to break out at August 2022 highs. The index is currently on the verge of collapsing based on the previous activities around this area - May, June, and August 2022 and will need to hold above 33264 to avoid a major sell-off. Critical support estimates at 32514, 32056 and 31764 Not financial advice; the analysis is based on my technical indicator for educational purposes only. You can follow my work for future updates on the stock market as we continue to navigate through market volatility.
DJ:DJI
by Rotuma
S&P 500 Technical outlook WC 19/12/2022 S&P 500 had two attempts to break through the critical resistance trendline highlighted in the daily chart in the last two weeks and failed. Friday's session closed at 3852, below 3860 crucial support zone, and will be closely watched by institutional traders in the next session. Bears are currently in control, indicated in the volume spike, and will try to drive prices down to the next critical zone at 3748 if buyers fail to reclaim 3860. Not financial advice; the analysis is based on my technical indicator for educational purposes only. You can follow my work for future updates on the stock market as we continue to navigate through market volatility.
SP:SPX
by Rotuma
BP at overbought extremes.BP. (BP.) - 30d expiry - We look to Sell a break of 454.8 (stop at 467.4) Daily signals for sentiment are at overbought extremes. A higher correction is expected. A break of the recent low at 455 should result in a further move lower. The bias is to break to the downside. Short term momentum is bearish. Current prices have reacted from a low of 455, however, we expect further losses to follow. Our profit targets will be 423.3 and 416.3 Resistance: 470 / 475 / 483 Support: 455 / 445 / 440 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LSE:BP.Short
by Saxo
SPX Daily TA Neutral BearishSPXUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * The FOMC announced a 50bps rate hike today and adjusted their Dot Plot to reflect a 5.1% FFR in 2023 . Markets rallied prior to the announcement and then fell shortly after, though this could have been a short-squeeze, Equity and Crypto markets could see more downward pressure as investors return to Bonds; currently FFR futures traders are anticipating a 75bps rate hike on 02/01/23. DXY, US Treasurys (mixed) and Natural Gas are up. US Equities, US Equity Futures, Cryptos, Commodities, GBPUSD, EURUSD, JPYUSD, CNYUSD, HSI, NI225, N100 and VIX are down. Key Upcoming Dates: Next GDPNow US Q4 GDP estimate 12/15; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently trending down at $3995 and is at risk of breaking below the uptrend line from 10/13 after being rejected by the 200MA at ~$4035 as resistance. Volume remains Moderate (high) and favored sellers for a second consecutive session; Price briefly touched the VP Point of Control at ~$3970. Parabolic SAR flips bearish at $3920, this margin is bearish at the moment. RSI is currently testing 52.68 as support after crossing above it to start the week. Stochastic remains bullish and is currently testing 43.62 resistance. MACD remains bearish and is currently at risk of denying a trough formation at 33.08 support; if it loses 33.08 support then the next support (minor) is at 10.73. ADX is currently trending up slightly at 16 as Price attempts to defend the uptrend line from 10/13, this is neutral at the moment. If Price is able to bounce here and reclaim support of the uptrend line from 10/13 at ~$4032 (which coincides with the 200MA), it will have to break above $4058 minor resistance in order to retest the upper trendline of the descending channel from November 2021 at ~$4150 as resistance . However, if Price continues to break down here, it will likely retest $3913 minor support . Mental Stop Loss: (one close above) $4058.
SP:SPX
by dailytaguy
Airbus being a good market sell?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 located at 111.04. Our profit targets will be 98.48 and 94.48 Resistance: 112.00 / 116.00 / 119.00 Support: 105.50 / 102.50 / 100.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:AIRShort
by Saxo
US30 thoughts post CPI pre FOMCHi, and thanks for taking the time to look at our latest update. We hope everyone has been hitting some trade wins. Today we are looking at the US30 after its wild session after yesterday's US CPI data. The data came in below expectations, and this continues the run of lower-than-expected releases. This remains a touch confusing, as last week, we saw the PPI increase. Inflation sits at 7.1% y/y. Is this enough for the fed to set a slightly more dovish stance this week? Message from the fed has softened, but we still expect to see rates come in 50 points higher this week. This is a decrease on previous meetings, so it's a softening in that area if it does happen. The gambler in me wonders if we could see 25 points before Christmas, but the realist thinks we will most likely see the expected 50 points. The US30 saw one heck of a fade after the CPI data, and that does make me wonder if the market is feeling edgy regarding the feds' message this week, which may coincide with a high point in the rally. For now, we see resistance at 34,600 and at 35,270. Will that feds message this meeting cement buyer confidence, or could it start a new push lower if the message moves away from the softening tone we have started to see develop? The FOMC, funds rate, statement and economic projections will be released tomorrow morning AEDT time at 6:00 am, followed by the press conference at 6:30 am.
EIGHTCAP:US30
by Eightcap
Novavax in a bear flag.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 downside. This stock has seen poor sales growth. Our outlook is bearish. Our profit targets will be 12.12 and 11.62 Resistance: 18.00 / 18.55 / 19.50 Support: 16.30 / 15.53 / 15.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NVAXShort
by Saxo
4