Bed Bath & Beyond
Short Term
We look to Sell at 12.61 (stop at 14.80)
Selling spikes offers good risk/reward. Previous support at 13.00 now becomes resistance. The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 6.20 and 4.20
Resistance: 13.00 / 23.00 / 30.00
Support:...
Litecoin
Intraday
We look to Buy at 61.12 (stop at 59.72)
Intraday signals are bullish. Dips continue to attract buyers. We can see no technical reason for a change of trend. Further upside is expected although we prefer to set longs at our bespoke support levels at 61.00, resulting in improved risk/reward.
Our profit targets will be 64.96 and 66.00...
Salesforce
Short Term
We look to Sell at 190.76 (stop at 198.93)
The medium term bias remains bearish. Bespoke resistance is located at 191.00. Trading within a Bearish Channel formation. We look for losses to be extended today.
Our profit targets will be 169.86 and 158.00
Resistance: 191.00 / 224.00 / 260.00
Support: 168.00 / 140.00 / 115.00
Disclaimer –...
BlackBerry
Short Term
We look to Buy at 6.18 (stop at 5.57)
Previous resistance, now becomes support at 6.20. Price action looks to be forming a bottom. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 6.20, resulting in improved risk/reward....
Ethereum
Intraday
We look to Buy at 1571 (stop at 1524)
We look to buy dips. The previous swing low is located at 1560. Bespoke support is located at 1550. Daily signals are mildly bullish.
Our profit targets will be 1688 and 1728
Resistance: 1700 / 1750 / 1780
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone...
Peloton
Short Term
We look to Sell at 10.90 (stop at 11.76)
Expect trading to remain mixed and volatile. The medium term bias remains bearish. Trading within a Bearish Channel formation. Selling pressure from 11.40 resulted in all the initial daily gains being overturned. Preferred trade is to sell into rallies.
Our profit targets will be 8.94 and 8.30...
Advanced Micro Devices
Short Term
We look to Buy at 94.20 (stop at 87.55)
Broken out of the channel formation to the upside. Reverse trend line support can be seen at 95.00. There is scope for mild selling at the open but losses should be limited. Preferred trade is to buy on dips. Dip buying offers good risk/reward.
Our profit targets will be 109.19 and...
Bitcoin
Intraday
We look to Buy at 21616 (stop at 21148)
Trading within a Corrective Channel formation. Trend line support is located at 21600. Bespoke support is located at 21500. We look to buy dips.
Our profit targets will be 22848 and 23448
Resistance: 23000 / 23500 / 24000
Support: 22500 / 22000 / 21500
Disclaimer – Saxo Bank Group. Please be...
Litecoin
Intraday
We look to Buy at 55.72 (stop at 53.90)
60.00 continues to hold back the bulls. We look for a temporary move lower. Prices expected to stall near trend line support. We expect a reversal in this move. Preferred trade is to buy on dips.
Our profit targets will be 59.99 and 62.00
Resistance: 60.00 / 72.00 / 96.00
Support: 55.50 / 47.00 /...
Intel Corporation
Short Term
We look to Buy at 35.87 (stop at 34.61)
Preferred trade is to buy on dips. Price action looks to be forming a bottom. Posted a Bullish Hammer Bottom on the Daily chart. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 39.04 and 40.60
Resistance: 39.05 / 40.75 / 43.80
Support:...
Ethereum
Intraday
We look to Buy at 1571 (stop at 1524)
We look to buy dips. The previous swing low is located at 1560. Bespoke support is located at 1550. Daily signals are mildly bullish.
Our profit targets will be 1688 and 1728
Resistance: 1700 / 1750 / 1780
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone...
Cisco Systems
Short Term
We look to Sell at 45.43 (stop at 46.50)
Preferred trade is to sell into rallies. The medium term bias remains bearish. Bespoke resistance is located at 45.50. We continue to expect further gains to be limited and look to set shorts for a further drive lower within the channel.
Our profit targets will be 41.41 and 38.10...
AbbVie
Short Term
We look to Buy at 138.60 (stop at 133.69)
Preferred trade is to buy on dips. There is scope for mild selling at the open but losses should be limited. 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 set longs at our bespoke support levels...
Bitcoin
Intraday
We look to Buy at 21515 (stop at 20987)
Trading within a Corrective Channel formation. The trend of higher lows is located at 21500. Short term momentum is bearish. We look to buy dips. Expect trading to remain mixed and volatile.
Our profit targets will be 22987 and 23487
Resistance: 23000 / 23500 / 24000
Support: 22500 / 22000 /...
Alphabet
Short Term
We look to Sell at 118.12 (stop at 121.10)
The medium term bias remains bearish. The sideways consolidation continued although the market managed to post a significant high at 120.00. Trading within a Bearish Channel formation. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 104.19...
Coinbase
Short Term
We look to Sell at 63.59 (stop at 70.72)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Trading volume is decreasing.
Our profit targets will be 45.94 and 41.01
Resistance:...
Ethereum
Intraday
We look to Sell a break of 1619 (stop at 1673)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. 50 4hour EMA is at 1625. A break of the recent low at 1640 should result in a further move lower.
Our profit targets will be 1481 and 1441
Resistance: 1700 / 1780 / 1900
Support: 1600 /...
Riot Blockchain
Short Term
We look to Sell at 8.05 (stop at 8.90)
Previous resistance located at 8.00. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 6.04 and 4.25...
