Market analysis from Saxo

Saxo Broker

Bitcoin - Intraday - We look to Buy at 19601 (stop at 19248) Short term momentum is bearish. Support is located at 19500 and should stem dips to this area. 19500 has been pivotal. We look to buy dips. We look for a temporary move lower. Our profit targets will be 20444 and 20844 Resistance: 20500 / 21000 / 21500 Support: 20000 / 19500 / 19000 Disclaimer...

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Short Term We look to Buy at 1710 (stop at 1650 ) Short-term bias has turned positive. Price action has formed an inverse head & shoulders formation. The neckline has been re-tested and further upside is possible. Our profit targets will be 1950 and 2010 Resistance: 1785 / 2013 / 2163 Support: 1597 / 1424 / 1000 Disclaimer – Saxo Bank Group. Please be...

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Clover Health - Intraday - We look to Buy at 2.01 (stop at 1.89) Support is located at 2.00 and should stem dips to this area. Trading close to the psychological 2.00 level. 2.00 continues to hold back the bears. We are trading at oversold extremes. We look for a temporary move lower. We look to buy dips. Our profit targets will be 2.37 and 2.47...

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Airbus - Intraday - We look to Sell at 110.91 (stop at 113.51) 112.00 continues to hold back the bulls. Daily signals are mildly bearish. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Bespoke resistance is located at 112.00. Resistance could prove difficult to breakdown. The previous swing high is located...

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Short Term We look to Sell at 118.00 (stop at 122.00) Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias. Price action has continued to trend strongly higher and has stalled at the previous resistance near 119.45. The reversal lower yesterday signified the biggest fall in 14 sessions. We...

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Short Term We look to Buy at 30.75 (stop at 26.75) Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. Prices have continued the bullish move higher and resulted in 3 consecutive positive days. Although the bears are in control, the stalling negative momentum indicates a turnaround is...

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Short Term We look to Buy at 17.60 (stop at 16.60) Price action looks to be forming a bottom. In line with the possible early stages of a reverse head & shoulders pattern and the strong rejection of dips, we look to set longs in anticipation of a swing higher. A break of 18.00 is needed to confirm follow-through bullish momentum. The preferred trade is to buy...

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Intraday We look to Buy at 20917 (stop at 20487) Short-term bias has turned positive. The previous resistance of 20600 has been broken. 20771 & 20874 have been pivotal. A lower correction is expected and preference to buy into dips. Our profit targets will be 21987 and 22387 Resistance: 21800 / 22500 / 23000 Support: 21500 / 20800 / 20500 Disclaimer –...

Saxo Broker Updated 

Intraday We look to Buy at 57.36 (stop at 56.09) Short-term momentum is bullish. Short-term bias has turned positive. 20 4hour EMA is at 57.80. 50 4hour EMA is at 57.70. We look to buy dips. Our profit targets will be 60.75 and 61.65 Resistance: 61.00 / 62.00 / 63.00 Support: 60.00 / 59.00 / 57.50

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Short Term We look to Sell at 29.61 (stop at 33.45) Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower. The medium term bias remains bearish. The reaction...

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Tilray Short Term We look to Buy at 3.18 (stop at 2.94) We look to buy dips. There is scope for mild selling at the open but losses should be limited. A higher correction is expected. Expect trading to remain mixed and volatile. Previous support located at 3.120. Our profit targets will be 3.74 and 3.99 Resistance: 3.75 / 4.00 / 5.15 Support: 3.20 /...

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Ethereum Intraday We look to Sell at 1709 (stop at 1744) Daily signals are bearish. Bespoke resistance is located at 1700. We look for a temporary move higher. Preferred trade is to sell into rallies. 1718 has been pivotal. Our profit targets will be 1622 and 1592 Resistance: 1650 / 1700 / 1750 Support: 1600 / 1550 / 1500 Disclaimer – Saxo Bank Group....

Saxo Broker

Bitcoin Intraday We look to Sell at 19598 (stop at 20001) Broken out of the triangle formation to the downside. 19500 has been pivotal. Previous support located at 19500. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 18707 and 18207 Resistance: 19000 / 19500 / 20000 Support: 18500 / 18000 /...

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Netflix Short Term We look to Sell at 220.83 (stop at 236.96) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for losses to be extended today. The medium term bias remains bearish. Our profit targets will be 170.19 and 164.87 Resistance: 248.70 / 329.82...

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Peloton Short Term We look to Buy at 8.60 (stop at 7.82) Expect trading to remain mixed and volatile. Previous support located at 8.60. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 11.02 and 13.49 Resistance: 11.30 / 14.70 / 20.00 Support: 8.60 /...

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Gravity Short Term We look to Sell at 52.99 (stop at 55.66) Bespoke resistance is located at 55.00. Choppy price action seen. Our outlook is bearish. Selling spikes offers good risk/reward. The rally was sold and the dip bought resulting in mild net losses yesterday. Our profit targets will be 43.20 and 41.20 Resistance: 53.00 / 60.00 / 65.00 Support:...

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Li Auto Short Term We look to Buy at 26.22 (stop at 24.22) Further upside is expected although we prefer to buy into dips close to the 26.22 level. The medium term bias remains bullish. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. The bias is still for higher levels and we look for any dips...

Saxo Broker

Ethereum Intraday We look to Buy at 1581 (stop at 1541) Short term bias has turned positive. We look for a temporary move lower. We look to buy dips. 50 4hour EMA is at 1580. Our profit targets will be 1678 and 1708 Resistance: 1700 / 1750 / 1800 Support: 1650 / 1600 / 1550 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible...