Micron Technology
Short Term - We look to Buy at 66.22 (stop at 65.18)
We look to buy dips. Previous support located at 66.00. 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.
Our profit targets will be 73.13 and...
Novavax
Short Term - We look to Sell at 48.97 (stop at 53.42)
Prices expected to stall near trend line resistance. Trading volume is increasing. The trend of lower highs is located at 55.90. Preferred trade is to sell into rallies. A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 22.96 and 13.90
Resistance: 50.00 /...
Ethereum
Intraday - We look to Sell a break of 1698 (stop at 1751)
Daily signals are bearish. 1700 has been pivotal. Price action continues to gravitate towards crucial support levels with aggressive selling interest. A break of bespoke support at 1700, and the move lower is already underway. Price continues to trade within the triangle formation.
Our...
Alibaba
Short Term - We look to Buy at 102.52 (stop at 92.78)
Dip buying offers good risk/reward. Trading volume is increasing. Previous support located at 100.00. Trading close to the psychological 100.00 level.
Our profit targets will be 138.58 and 164.00
Resistance: 120.00 / 138.50 / 180.00
Support: 100.00 / 83.00 / 73.51
Disclaimer – Saxo Bank...
Saleforce
Short Term - We look to Buy a break of 192.11 (stop at 179.00)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This stock has recently been in the news headlines. A bullish reverse Head and Shoulders is forming. A break of yesterdays high would confirm bullish momentum. We look for gains to be...
CRISPR Therapeutics
Short Term - We look to Buy a break of 59.19 (stop at 54.06)
Further upside is expected and we look to set longs in early trade. A bullish reverse Head and Shoulders has formed. A break of yesterdays high would confirm bullish momentum. A higher correction is expected. Although the anticipated move higher is corrective, it does offer...
Bitcoin
Intraday
We look to Buy at 29012 (stop at 28444)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. 28632 has been pivotal. Expect trading to remain mixed and volatile. As this corrective sequence continues we look to set longs on a dip at better...
Gravity
Short Term - We look to Buy at 54.02 (stop at 48.54)
Further upside is expected although we prefer to buy into dips close to the 54.02 level. Posted a Double Bottom formation. The formation has a measured move target of 71.31. Although selling has been posted overnight, the selloff has been limited.
Our profit targets will be 71.31 and 79.10...
JD.com
Short Term - We look to Sell at 65.66 (stop at 69.54)
Previous support, now becomes resistance at 65.00. The 200 day moving average should provide resistance at 68.32. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to sell into rallies close to the 65.66 level.
Our profit...
Bitcoin
Intraday - We look to Buy at 28707 (stop at 27987)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. 28632 has been pivotal. Expect trading to remain mixed and volatile. As this corrective sequence continues we look to set longs on a dip at better...
Peloton
Short Term - We look to Buy at 11.87 (stop at 11.05)
Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 12.00. We look for a temporary move higher.
Our profit targets will be 14.31 and 15.49
Resistance: 14.50 / 15.80 / 24.50
Support: 12.00 /...
Amazon
Short Term - We look to Sell at 136.62 (stop at 146.49)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 137.00. There is scope for mild buying at the open but gains should be limited. The 50% Fibonacci retracement is located at 136.05 from 170.83 to 101.26.
Our profit targets will be 102.56 and 91.98...
Ethereum
Intraday - We look to Buy at 1731 (stop at 1669)
1730 has been pivotal. Trend line support is located at 1730. We look to buy dips. Support is located at 1700 and should stem dips to this area.
Our profit targets will be 1898 and 1938
Resistance: 2000 / 2080 / 2150
Support: 1900 / 1800 / 1700
Disclaimer – Saxo Bank Group. Please be reminded –...
Novavax
Short Term - We look to Sell at 54.79 (stop at 58.88)
Prices expected to stall near trend line resistance. Trading volume is increasing. The trend of lower highs is located at 55.90. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 41.78 and 38.59
Resistance: 55.90 /...
Marathon Digital Holdings
Short Term - We look to Sell at 11.03 (stop at 12.16)
Preferred trade is to sell into rallies. Trend line resistance is located at 11.00. There is scope for mild buying at the open but gains should be limited. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 8.62 and 5.19...
Ethereum
Intraday - We look to Sell a break of 1898 (stop at 1944)
1901 has been pivotal. Bespoke support is located at 1900. A break of bespoke support at 1900, and the move lower is already underway. Daily signals are bearish. 50 4hour EMA is at 1907.
Our profit targets will be 1782 and 1752
Resistance: 2000 / 2060 / 2100
Support: 1950 / 1900 / 1800
...
Ideanomics
Short Term - We look to Sell at 0.617 (stop at 0.665)
Previous resistance located at 0.610. 0.610 continues to hold back the bulls. Trading volume is increasing. Price action has posted a bearish Dark Cloud and is negative for short-term sentiment.
Our profit targets will be 0.506 and 0.449
Resistance: 0.610 / 0.820 / 1.120
Support: 0.520 /...
NVIDIA
Short Term - We look to Sell at 210.20 (stop at 228.47)
Our bespoke support of 210.00 has been clearly broken. We look to sell rallies. Rallies continue to attract sellers. The 61.8% fibonacci extension level is the target.
Our profit targets will be 160.25 and 124.10
Resistance: 210.00 / 250.00 / 290.00
Support: 160.00 / 150.00 / 126.00
...
