Market analysis from Saxo

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Coinbase Short Term We look to Buy at 84.07 (stop at 66.49) Price action looks to be forming a bottom. Price action looks to be forming a bullish flag/pennant. Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 80.00, resulting in improved risk/reward. Expect trading to remain mixed...

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Micron Technology Short Term We look to Sell at 66.59 (stop at 70.43) Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish. Choppy price action seen. Selling spikes offers good risk/reward. Our profit targets will be 52.19 and 41.09 Resistance: 66.00 / 75.00...

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Ethereum - Intraday - We look to Buy at 1801 (stop at 1754) Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Daily signals are mildly bullish. 50 4 hour EMA is at 1770. Bespoke support is located at 1800. We look to buy dips. Our profit targets will be 1919 and 1949 Resistance: 1900...

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NVIDIA - Short Term - We look to Buy at 185.00 (stop at 155.00) 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. With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals. A...

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Litecoin Intraday We look to Buy at 60.09 (stop at 58.15) Following yesterday's bullish candle, the overall trend higher looks set to continue today. Bespoke support is located at 60.00. We look for a temporary move lower. Support could prove difficult to breakdown. Preferred trade is to buy on dips. Our profit targets will be 64.96 and 66.00...

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FuelCell Energy Short Term We look to Buy at 4.29 (stop at 3.84) Previous resistance at 4.40 now becomes support. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Buying pressure dominated price action yesterday and we expect this to continue today. Our profit targets will...

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Sea Limited Short Term We look to Buy a break of 90.41 (stop at 80.81) A break of bespoke resistance at 90.00, and the move higher is already underway. The trend of higher lows is located at 71.50. Price action looks to be forming a bottom. We look for gains to be extended today. Our profit targets will be 132.30 and 156.28 Resistance: 90.00 / 133.00 /...

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Litecoin Intraday We look to Sell at 59.93 (stop at 61.59) Posted a Double Top formation. This is a bearish reversal signal and the lack of progress higher has confirmed a sentiment shift. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 56.03 and 55.00...

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Airbnb Short Term We look to Sell at 118.71 (stop at 125.98) Preferred trade is to sell into rallies. Selling continued from the 78.6% pullback level of 117.21. The medium term bias remains bearish. Trading has been mixed and volatile. Our profit targets will be 102.40 and 100.10 Resistance: 119.00 / 124.00 / 136.50 Support: 100.00 / 91.01 / 87.00 ...

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Moderna Short Term We look to Sell at 183.71 (stop at 203.39) Preferred trade is to sell into rallies. Previous resistance located at 190.00. Trading within a Bearish Channel formation. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be...

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Ethereum Intraday We look to Buy at 1622 (stop at 1578) The trend of higher lows is located at 1610. We look for a temporary move lower. We look to buy dips. Daily signals are mildly bullish. Our profit targets will be 1739 and 1779 Resistance: 1750 / 1800 / 1900 Support: 1700 / 1650 / 1600 Disclaimer – Saxo Bank Group. Please be reminded – you alone...

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GameStop Short Term We look to Buy at 39.54 (stop at 35.95) Preferred trade is to buy on dips. There is scope for mild selling at the open but losses should be limited. This stock has recently been in the news headlines. Further upside is expected although we prefer to set longs at our bespoke support levels at 40.00, resulting in improved risk/reward. Our...

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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:...

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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...

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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 –...

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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....

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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...

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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...