Gevo
Short Term - We look to Buy at 2.96 (stop at 2.70)
A bearish Head and Shoulders is forming. 2.90 continues to hold back the bears. Previous resistance located at 4.08. Trading has been mixed and volatile. We look to buy dips.
Our profit targets will be 3.63 and 3.98
Resistance: 4.08 / 5.24 / 7.88
Support: 2.90 / 1.83 / 1.00
Disclaimer – Saxo Bank...
Bitcoin
Intraday - We look to Buy a break of 30752 (stop at 29997)
We are trading at oversold extremes. A break of the recent high at 30725 should result in a further move higher. Posted a Double Bottom formation. 30725 has been pivotal.
Our profit targets will be 32598 and 33198
Resistance: 31000 / 31400 / 32000
Support: 30000 / 29000 / 28600
...
Litecoin
Intraday - We look to Sell at 72.96 (stop at 75.42)
Further downside is expected and we prefer to set shorts in early trade. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Levels close to the 38.2% pullback level of 73.00 found sellers. Upward pressure has...
Air France
Short Term - We look to Sell at 4.71 (stop at 4.90)
Preferred trade is to sell into rallies. Previous resistance located at 4.70. The bias is still for lower levels and we look for any gains to be limited. Trading within the Channel formation. Expect trading to remain mixed and volatile.
Our profit targets will be 4.24 and 3.75
Resistance:...
Nikola Corporation
Short Term - We look to Sell at 6.76 (stop at 7.51)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 6.70. The 20 day moving average should provide resistance at 6.67. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 4.83 and...
Ethereum
Intraday - We look to Buy at 1731 (stop at 1669)
1700 has been pivotal. 1730 has been pivotal. 1717 has been pivotal. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 1898 and 1948
Resistance: 2080 / 2140 / 2200
Support: 1950 / 1850 / 1700
Disclaimer...
Coca-Cola
Short Term - We look to Sell at 62.89 (stop at 64.29)
We look to sell rallies. Price action has posted a bearish Marabuzo candle and is negative for short-term sentiment. Posted a Double Top formation. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 63.00, resulting in improved risk/reward.
Our...
Li Auto
Short Term - We look to Sell at 23.77 (stop at 25.22)
Preferred trade is to sell into rallies. The medium term bias remains bearish. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The bias is still for lower levels and we look for any gains to be limited. Expect trading to remain mixed and volatile.
Our...
Bitcoin
Intraday - We look to Sell at 30666 (stop at 31424)
Daily signals are bearish. 50 4hour EMA is at 30680. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 30974 has been pivotal.
Our profit targets will be 28707 and 28207
Resistance: 30000 / 31000 / 31400
Support:...
Virgin Galactic Holdings
Short Term - We look to Sell at 7.56 (stop at 8.42)
Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. We have a 38.2% Fibonacci pullback level of 7.47 from 11.25 to 5.14. Our overall sentiment remains bearish looking for lower levels. Previous resistance located at 7.50.
Our profit...
Tilray
Short Term - We look to Sell at 5.33 (stop at 5.87)
Our outlook is bullish. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. The hourly chart technicals suggests further upside before the downtrend returns. The bias is still for lower levels and we look for any gains to be limited.
Our profit...
Litecoin
Intraday - We look to Sell at 76.92 (stop at 80.43)
Preferred trade is to sell into rallies. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. We have a 78.6% Fibonacci pullback level of 76.07 from 82.78 to 51.42. Expect price action to remain mixed and volatile as...
Gravity
Short Term - We look to Sell at 55.14 (stop at 59.41)
Bespoke resistance is located at 55.00. A Doji style candle has been posted from the high. Our outlook is bearish. Selling spikes offers good risk/reward. The rally was sold and the dip bought resulting in mild net losses yesterday.
Our profit targets will be 43.09 and 41.20
Resistance: 55.00...
Roblox
Short Term - We look to Sell at 33.44 (stop at 37.68)
Preferred trade is to sell into rallies. Price action has posted a Doji candle and confirms a possible stall in the recent move. We look for price action to stay within the channel formation today. Prices expected to stall near trend line resistance. Offers ample risk/reward to sell at the market....
Bitcoin
Intraday - We look to Sell at 31787 (stop at 32651)
Trading within a Corrective Channel formation. Prices expected to stall near trend line resistance. Trend line resistance is located at 31800.
Our profit targets will be 29707 and 29107
Resistance: 31000 / 32000 / 33000
Support: 29500 / 28500 / 27800
Disclaimer – Saxo Bank Group. Please be...
Bionano
Short Term - We look to Sell at 1.78 (stop at 2.04)
Preferred trade is to sell into rallies. The trend of lower highs is located at 1.85. Our outlook is bearish. We have a 38.2% Fibonacci pullback level of 1.80 from 2.84 to 1.18. Bespoke resistance is located at 1.85.
Our profit targets will be 1.18 and 1.01
Resistance: 1.85 / 2.50 /...
Lucid Group
Short Term - We look to Sell at 18.01 (stop at 20.97)
We look to sell rallies. Prices expected to stall near trend line resistance. Bespoke resistance is located at 18.00. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 11.07 and 10.19
Resistance:...
Bitcoin
Intraday - We look to Sell at 32288 (stop at 33066)
Daily signals are bearish. 50 4hour EMA is at 32450. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 30302 and 29802
Resistance: 31000 / 32000 / 33000
Support: 30000 / 29000 / 28000
Disclaimer – Saxo Bank Group. Please be reminded – you...
