Qualcomm Short Term We look to Buy at 143.04 (stop at 138.51) Preferred trade is to buy on dips. Buying continued from the 38.2% pullback level of 141.98. 20 1day EMA is at 143.50. Posted a Bullish Hammer Bottom on the Daily chart. We look for gains to be extended today. Our profit targets will be 156.56 and 159.40 Resistance: 156.60 / 160.00 /...
Ethereum Intraday We look to Sell a break of 1599 (stop at 1651) Daily signals are mildly bearish. A break of bespoke support at 1600, and the move lower is already underway. A higher correction is expected. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted...
Litecoin Intraday We look to Buy at 58.71 (stop at 56.40) Prices have continued the bullish move higher and resulted in 2 consecutive positive days. This is positive for sentiment and the uptrend has potential to return. We look for a temporary move lower. A Fibonacci confluence area is located at 58.20. Further upside is expected although we prefer to buy...
CRISPR Therapeutics Short Term We look to Sell at 82.82 (stop at 88.85) Previous resistance located at 83.00. Short term oscillators have turned negative. Posted a Bearish Outside candle on the Daily chart. A lower correction is expected. Our profit targets will be 68.87 and 60.76 Resistance: 83.00 / 96.00 / 135.00 Support: 73.00 / 60.50 / 43.00 ...
Bitcoin Intraday We look to Sell at 24098 (stop at 24666) Trading within a Corrective Channel formation. The trend of higher highs is located at 24200. We look for a temporary move higher. Preferred trade is to sell into rallies. Daily signals are mildly bearish. Our profit targets will be 22707 and 22007 Resistance: 23500 / 24200 / 25000 Support: 23000...
DocuSign Short Term We look to Sell at 70.93 (stop at 74.97) Preferred trade is to sell into rallies. 71.00 has been pivotal. Further downside is expected although we prefer to sell into rallies close to the 71.00 level. 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...
FuelCell Energy Short Term We look to Buy at 3.35 (stop at 3.04) Previous support located at 3.35. 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 be 4.24 and...
Ethereum Intraday We look to Sell a break of 1349 (stop at 1401) A break of yesterdays low would confirm bearish momentum. With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals. Daily signals are bearish. Expect trading to remain mixed and volatile. Our profit targets will be...
CrowdStrike Short Term We look to Sell at 178.02 (stop at 186.93) Preferred trade is to sell into rallies. Reverse trend line resistance comes in at 178.00. Selling continued from the 50% pullback level of 186.00. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our outlook is bearish. Our profit targets...
Unity Software Short Term We look to Buy at 32.33 (stop at 29.76) Preferred trade is to buy on dips. 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. Dip buying offers good risk/reward. Our profit targets will be...
Bitcoin Intraday We look to Sell at 22298 (stop at 22811) Short term bias has turned negative. 50 4hour EMA is at 22075. Bespoke resistance is located at 22000. Preferred trade is to sell into rallies. Daily signals are mildly bearish. Our profit targets will be 21004 and 20404 Resistance: 21200 / 22000 / 23000 Support: 20500 / 20000 / 19000 Disclaimer...
Tattooed Chef Short Term We look to Buy at 5.96 (stop at 5.65) We look to buy dips. 6.00 has been pivotal. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 6.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be...
Peloton Short Term We look to Buy at 8.83 (stop at 8.07) Expect trading to remain mixed and volatile. Due to an Ending Wedge formation, we continue to treat extended losses with caution. 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 11.28 and 13.49...
Ethereum Intraday We look to Sell a break of 1487 (stop at 1541) Trading within a Bullish Channel formation. 1488 has been pivotal. Short term momentum is bearish. Trend line support is located at 1500. A break of the recent low at 1497 should result in a further move lower. Our profit targets will be 1341 and 1301 Resistance: 1550 / 1600 /...
Amazon Short Term We look to Sell at 125.79 (stop at 132.33) Preferred trade is to sell into rallies. Previous resistance located at 126.00. There is scope for mild buying at the open but gains should be limited. Posted a Bullish Outside candle on the Daily chart. Our profit targets will be 103.03 and 91.98 Resistance: 125.00 / 138.00 / 150.00 Support:...
AMC Short Term We look to Buy at 14.20 (stop at 12.69) Broken out of the channel formation to the upside. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 18.64 and 21.01 Resistance: 20.00 / 30.00 /...
Ethereum - Intraday - We look to Buy at 1561 (stop at 1509) Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. There is no clear indication that the upward move is coming to an end. 20 4hour EMA is at 1545. We look to buy dips. Our profit targets...
Shopify - Short Term - We look to Buy at 36.75 (stop at 31.65) Previous resistance level of 36.75 broken. Price action has formed a bullish ending wedge formation. We look for a temporary move higher. Preferred trade is to buy on dips. Our profit targets will be 51.12 and 70.29 Resistance: 41.37 / 51.12 / 70.29 Support: 36.75 / 30.02 / 29.72 ...