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
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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
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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...
Ethereum
Intraday
We look to Sell a break of 1847 (stop at 1896)
2026 has been pivotal. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term MACD is moving lower. A break of the recent low at 1848 should result in a further move lower. 50 4hour EMA is at 1872. Short term momentum is bearish. 20...
Merck and Company
Short Term
We look to Sell at 93.34 (stop at 96.33)
We look to sell rallies. Price action looks to be forming a top. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 86.55 and 83.96...
Disney
Short Term
We look to Sell at 129.37 (stop at 134.80)
Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff. Preferred trade is to sell into rallies. Our outlook is bearish. There is scope for mild buying at the open but gains should be limited. News events could adversley affect the short term...
Coca-Cola
Short Term
We look to Buy a break of 64.83 (stop at 63.28)
A break of bespoke resistance at 65.50, and the move higher is already underway. We are trading within a Bullish Ascending Triangle formation. The trend of higher lows is located at 63.00. The medium term bias remains bullish.
Our profit targets will be 69.02 and 70.90
Resistance: 65.65...
Carnival Corporation
Short Term
We look to Buy a break of 11.11 (stop at 10.17)
A break of yesterdays high would confirm bullish momentum. Posted a Double Bottom formation. The measured move target is 14.11. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 14.11 and 16.04
Resistance: 11.00 / 14.17 /...
Bitcoin
Intraday
We look to Sell at 24818 (stop at 25251)
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Trading within a Corrective Channel formation. Preferred trade is to sell into rallies. 24800 continues to hold back the bulls. Daily signals are mildly bearish.
Our...
