Pfizer
Short Term
We look to Sell at 54.06 (stop at 56.08)
Bespoke resistance is located at 54.50. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected although we prefer to sell into rallies close to the 54.60 level. We are trading at overbought extremes.
Our...
Ethereum
Intraday
We look to Buy at 1191 (stop at 1144)
Short term bias has turned positive. 50 4hour EMA is at 1186. Previous resistance at 1150 now becomes support. We look for a temporary move lower.
Our profit targets will be 1308 and 1348
Resistance: 1280 / 1400 / 1500
Support: 1200 / 1150 / 1100
Disclaimer – Saxo Bank Group. Please be reminded –...
Coinbase
Short Term
We look to Sell at 71.83 (stop at 79.49)
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. We have a 61.8% Fibonacci pullback level of 69.06 from 83.32 to 49.02.
Our profit targets...
Workhorse Group
Short Term
We look to Sell at 3.19 (stop at 3.42)
A shooting star has been posted as prices reject the higher levels. Previous resistance located at 3.14. The medium term bias remains bearish. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff.
Our profit targets will be 2.67 and 2.45...
Bitcoin
Intraday
We look to Buy at 20022 (stop at 19388)
We have a 78.6% Fibonacci pullback level of 17800 from 3850 to 69000. 20080 has been pivotal. 19744 has been pivotal. Trading close to the psychological 20000 level. Bespoke support is located at 20000. We look to buy dips.
Our profit targets will be 21688 and 22088
Resistance: 21700 / 23000 /...
ConocoPhillips
Short Term
We look to Buy at 87.72 (stop at 84.15)
Preferred trade is to buy on dips. We are trading at oversold extremes. Previous support located at 87.50. We have a 61.8% Fibonacci pullback level of 87.61 from 65.06 to 124.08. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit...
AMC
Short Term
We look to Buy a break of 10.48 (stop at 9.53)
The trend of higher lows is located at 10.33. 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 13.86 and 15.50
Resistance: 14.00 / 16.00 /...
Ethereum
Intraday
We look to Sell at 1239 (stop at 1291)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. Bespoke resistance is located at 1250.
Our profit targets will be...
Lemonade
Short Term
We look to Sell at 22.81 (stop at 25.17)
Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Previous resistance located at 23.00. The medium term bias remains bullish. There is scope for mild upward pressure at the open but we look for selling interest to resist gains.
Our profit targets will...
Palantir Technology
Short Term
We look to Sell at 10.57 (stop at 11.75)
The medium term bias remains bearish. Preferred trade is to sell into rallies. We have a 50% Fibonacci pullback level of 10.65 from 14.86 to 6.44. The daily chart technicals suggests further upside before the downtrend returns.
Our profit targets will be 6.43 and 6.01
Resistance:...
Ethereum
Intraday
We look to Sell at 1248 (stop at 1301)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. Bespoke resistance is located at 1250.
Our profit targets will be...
Beyond Meat
Short Term
We look to Sell at 27.76 (stop at 29.59)
Further downside is expected and we prefer to set shorts in early trade. The medium term bias remains bearish. Previous resistance located at 28.50. There is scope for mild upward pressure at the open but we look for selling interest to resist gains.
Our profit targets will be 21.80 and 15.40...
MecardoLibre
Medium Term
We look to Sell at 692.89 (stop at 756.88)
Preferred trade is to sell into rallies. The medium term bias remains bearish. A Fibonacci confluence area is located at 438.30. Previous support located at 430.00. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 444.73 and 372.00...
Bitcoin
Intraday
We look to Sell a break of 19987 (stop at 20701)
With signals for sentiment at oversold extremes, the dip could not be extended. We have a 78.6% Fibonacci pullback level of 17800 from 3850 to 69000. Trading close to the psychological 20000 level. 20080 has been pivotal. A break of bespoke support at 20000, and the move lower is already...
Amazon
Short Term
We look to Buy at 105.87 (stop at 100.99)
Preferred trade is to buy on dips. The reaction higher is positive and highlights a clear reversal. Previous support located at 100.00. Risk/reward is ample to call a buy trade.
Our profit targets will be 116.09 and 125.19
Resistance: 129.00 / 135.00 / 170.00
Support: 100.00 / 85.00 / 67.27
...
Tesla
Short Term
We look to Sell at 774.80 (stop at 827.00)
We look to sell rallies. Trading within a Bearish Channel formation. A higher correction is expected. Expect trading to remain mixed and volatile. Previous resistance located at 775.00.
Our profit targets will be 621.11 and 539.00
Resistance: 775.00 / 1000.00 / 1240.00
Support: 621.00 / 540.00 /...
Ethereum
Intraday
We look to Sell at 1249 (stop at 1301)
Daily signals are bearish. There is no clear indication that the downward move is coming to an end. We look for a temporary move lower. Bespoke resistance is located at 1250.
Our profit targets will be 1121 and 1071
Resistance: 1170 / 1200 / 1250
Support: 1100 / 1050 / 1000
Disclaimer – Saxo Bank...
Sanofi
Short Term
We look to Buy at 95.00 (stop at 91.90)
The medium term bias remains bullish. Levels close to the 50% pullback level of 93.25 found buyers. Previous support located at 93.08. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 104.35 and 110.00
Resistance: 95.16 / 98.22 / 104.35
Support: 93.25...
