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
...
Fiverr - Short Term - We look to Buy at 38.44 (stop at 33.83)
Broken out of the triangle formation to the upside. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we prefer to set longs at our bespoke support levels at 38.44, resulting in improved...
Block - Short Term - We look to Buy at 71.84 (stop at 61.55)
Price action has formed a bullish ending wedge formation. A move through bespoke resistance at 71.84 and we look for extended gains. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. Expect...
Netflix - Short Term - We look to Buy at 207.40 (stop at 185.40)
Continued upward momentum from 164.28 resulted in the pair posting net daily gains yesterday. Price action looks to be forming a bottom. Previous resistance level of 207.41 broken. We have a Gap open at 333.22 from 19/04/2022 to 20/04/2022. Further upside is expected although we prefer to set...
Litecoin - Intraday - We look to Sell at 59.29 (stop at 61.89)
Continued upward momentum from 46.31 resulted in the pair posting net daily gains yesterday. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Broken out of the channel formation to the downside. As this corrective sequence continues we...
Ford - Short Term - We look to Buy at 12.42 (stop at 11.47)
Broken out of the channel formation to the upside. Price action looks to be forming a bottom. A higher correction is expected. Expect trading to remain mixed and volatile.
Our profit targets will be 14.45 and 16.00
Resistance: 13.28 / 13.96 / 14.46
Support: 12.42 / 11.78 / 10.61
Disclaimer –...
Coinbase - Short Term - We look to Buy at 64.00 (stop at 54.64)
Price action looks to be forming a bottom. Broken out of the triangle formation to the upside. Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 64.00, resulting in improved risk/reward. Expect trading to remain mixed and...
