Litecoin
Intraday
We look to Buy at 56.26 (stop at 55.05)
Daily signals are mildly bullish. 56.00 continues to hold back the bears. We look for a temporary move lower. Prices expected to stall near trend line support. Further upside is expected although we prefer to set longs at our bespoke support levels at 56.00, resulting in improved risk/reward.
Our...
Novavax
Short Term
We look to Buy at 35.94 (stop at 32.00)
Posted a Bullish Hammer Bottom on the Daily chart. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Expect trading to remain mixed and volatile.
Our profit...
Ethereum
Intraday
We look to Buy at 1644 (stop at 1603)
The sequence for trading is higher highs and lows. Previous support located at 1650. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 1715. Preferred trade is to buy on dips.
Our profit targets will be 1746 and 1789
Resistance: 1700...
Litecoin
Intraday
We look to Sell at 57.84 (stop at 59.89)
Sentiment remains negative despite the pull-back higher in prices. Resistance is located at 58.00 and should cap gains to this area. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 53.07 and 52.00...
Microsoft
Short Term
We look to Buy at 273.34 (stop at 266.24)
Previous resistance at 275.00 now becomes support. Choppy price action seen. We can see no technical reason for a change of trend. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 292.57 and 303.00
Resistance:...
Fisker
Short Term
We look to Buy at 8.06 (stop at 7.61)
We look to buy dips. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Although the anticipated move higher is corrective, it does offer ample risk/reward today. There is scope for mild selling at the open but losses should be limited.
Our profit...
Ethereum
Intraday
We look to Buy a break of 1655 (stop at 1609)
Daily signals are mildly bullish. A break of the recent high at 1650 should result in a further move higher. We are trading at oversold extremes. A higher correction is expected.
Our profit targets will be 1777 and 1807
Resistance: 1650 / 1700 / 1750
Support: 1600 / 1550 / 1500
Disclaimer...
Intel Corporation
Short Term
We look to Sell at 35.22 (stop at 36.86)
Preferred trade is to sell into rallies. The medium term bias remains bearish. Price action has been negative with losses breaking below our previous support level and we expect a further drive lower to follow. There is scope for mild buying at the open but gains should be limited.
Our...
Shopify
Short Term
We look to Buy at 30.49 (stop at 28.39)
Previous support located at 30.00. There is scope for mild selling at the open but losses should be limited. We look for a temporary move higher. Preferred trade is to buy on dips.
Our profit targets will be 39.51 and 42.30
Resistance: 40.00 / 51.12 / 70.29
Support: 30.02 / 29.72 / 16.90
...
Litecoin - Intraday - We look to Buy at 50.04 (stop at 46.94)
Follow through bearish momentum from 56.00 resulted in net losses. Horizontal support is seen at 50.00. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a...
Marathon Digital Holdings - Short Term - We look to Sell at 15.05 (stop at 19.95)
An overnight negative theme in Equities has led to a lower open this morning. We have a Gap open at 15.05 from 18/08/2022 to 19/08/2022. Broken out of the channel formation to the downside. Further downside is expected although we prefer to set shorts at our bespoke resistance...
EasyJet - Intraday - We look to Sell at 401.2 (stop at 434)
The medium term bias remains bearish. Broken out of the channel formation to the downside. An overnight negative theme in Equities has led to a lower open this morning. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Our profit targets will be 275 and 250
...
Ethereum
Intraday
We look to Buy at 1671 (stop at 1624)
With signals for sentiment at oversold extremes, the dip could not be extended. 1656 has been pivotal. 50 1day EMA is at 1651. We look to buy dips.
Our profit targets will be 1788 and 1818
Resistance: 1700 / 1750 / 1800
Support: 1660 / 1600 / 1560
Disclaimer – Saxo Bank Group. Please be reminded...
ChargePoint Holdings
Short Term
We look to Buy at 15.89 (stop at 14.18)
Preferred trade is to buy on dips. Previous resistance at 16.00 now becomes support. We have a 38.2% Fibonacci pullback level of 15.15 from 8.50 to 19.27. The sequence for trading is higher highs and lows.
Our profit targets will be 20.95 and 21.71
Resistance: 19.20 / 20.99 /...
Alibaba
Short Term
We look to Sell at 87.83 (stop at 92.37)
We look to set shorts in the early trade. The medium term bias remains bearish. Short term bearish momentum has stalled. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Our profit targets will be 78.05 and 73.21
Resistance:...
Bitcoin
Intraday
We look to Buy at 22909 (stop at 22478)
Trading within a Corrective Channel formation. Trend line support is located at 22800. We look for a temporary move lower. We look to buy dips.
Our profit targets will be 23987 and 24387
Resistance: 24000 / 24800 / 25200
Support: 23500 / 23000 / 22500
Disclaimer – Saxo Bank Group. Please be...
Plug Power
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 resistance, selling has been posted from 30.00. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 17.27 and 14.78
Resistance: 30.00 /...
Roblox
Short Term
We look to Sell at 51.37 (stop at 57.06)
Preferred trade is to sell into rallies. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be...
