Qualcomm
Short Term - We look to Buy at 124.23 (stop at 118.34)
We look to buy dips. Previous support located at 125.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look for a temporary move higher. Trading has been mixed and volatile.
Our profit targets will be 141.29 and 149.10
Resistance: 145.00 /...
Microsoft
Short Term - We look to Sell at 274.00 (stop at 287.00)
Preferred trade is to sell into rallies. Broken out of the Head and Shoulders formation to the downside. Previous support at 275.00 now becomes resistance. The trend of lower highs is located at 290.00. Expect trading to remain mixed and volatile.
Our profit targets will be 232.00 and 221.00...
Tesla
Short Term - We look to Buy at 701.22 (stop at 660.02)
We look to buy dips. We have a 78.6% Fibonacci pullback level of 539.49 from 1243.49 to 690.15. A higher correction is expected. Expect trading to remain mixed and volatile. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be...
Bitcoin
Intraday - We look to Buy at 26016 (stop at 25095)
With signals for sentiment at oversold extremes, the dip could not be extended. We look to buy dips. 50 4week EMA is at 26000. Bespoke support is located at 26000.
Our profit targets will be 28388 and 28988
Resistance: 29000 / 30000 / 31000
Support: 28000 / 27000 / 26000
Disclaimer – Saxo Bank...
Apple - Short Term - We look to Sell at 154.48 (stop at 160.14)
We look to sell rallies. Posted a Double Top formation. The bias is still for lower levels and we look for any gains to be limited. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 138.36...
Bitcoin
Intraday - We look to Buy at 28808 (stop at 27987)
With signals for sentiment at oversold extremes, the dip could not be extended. We look to buy dips. 28600 has been pivotal.
Our profit targets will be 30938 and 31438
Resistance: 30000 / 31000 / 32000
Support: 28600 / 28000 / 27000
Disclaimer – Saxo Bank Group. Please be reminded – you alone...
Cineworld Group
Short Term - We look to Sell a break of 25.37 (stop at 28.52)
Trades with a bearish descending triangle formation. A move through 25.50 will confirm the bearish momentum. The bias is still for lower levels and we look for any gains to be limited. Trading has been mixed and volatile.
Our profit targets will be 17.68 and 15.10
Resistance:...
S4 Capital
Short Term - We look to Sell at 292 (stop at 314)
We look to sell rallies. Broken out of the channel formation to the downside. 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 223 and 210
Resistance: 290 / 350 / 500
Support: 250 / 200 / 150
Disclaimer –...
Ethereum
Intraday - We look to Buy a break of 2481 (stop at 2414)
Short term momentum is bullish. A break of the recent high at 2480 should result in a further move higher. We are trading at oversold extremes.
Our profit targets will be 2648 and 2698
Resistance: 2480 / 2580 / 2700
Support: 2400 / 2300 / 2200
Disclaimer – Saxo Bank Group. Please be...
Virgin Galactic Holdings
Short Term - We look to Sell at 7.33 (stop at 8.19)
Preferred trade is to sell into rallies. Broken out of the channel formation to the downside. Mixed and choppy price action resulted in the early move lower being sustained and prices closing lower. Our overall sentiment remains bearish looking for lower levels.
Our profit targets...
Exxon Mobile
Short Term - We look to Buy at 81.80 (stop at 79.22)
Preferred trade is to buy on dips. The medium term bias remains bullish. Trading has been mixed and volatile. We are assessed to be in a corrective mode lower.
Our profit targets will be 87.06 and 89.10
Resistance: 90.00 / 100.00 / 110.00
Support: 82.00 / 75.00 / 70.00
Disclaimer – Saxo...
Bitcoin
Intraday - We look to Buy a break of 33861 (stop at 33248)
We are trading at oversold extremes. A break of the recent high at 33800 should result in a further move higher. We look for a temporary move higher.
Our profit targets will be 35464 and 35964
Resistance: 33800 / 35000 / 36000
Support: 33000 / 31000 / 30000
Disclaimer – Saxo Bank Group....
ArcelorMittal
Short Term - We look to Buy at 23.74 (stop at 22.81)
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 24.00. Expect trading to remain mixed and volatile.
Our profit targets will be 25.77 and 26.28
Resistance: 26.00 / 28.00 /...
Lufthansa
Short Term - We look to Sell a break of 6.70 (stop at 6.95)
Posted a Double Top formation. We expect an initial move higher to fail and look to set shorts on a break back through 6.80. Further downside is expected and we prefer to set shorts in early trade. The bias is still for lower levels and we look for any gains to be limited.
Our profit...
Ethereum
Intraday - We look to Sell a break of 2649 (stop at 2701)
There is no indication that the selloff is coming to an end. A break of the recent low at 2658 should result in a further move lower. Short term momentum is bearish.
Our profit targets will be 2511 and 2461
Resistance: 2700 / 2750 / 2800
Support: 2660 / 2600 / 2500
Disclaimer – Saxo...
AB Inbev
Short Term - We look to Sell a break of 52.48 (stop at 54.15)
Further downside is expected and we prefer to set shorts in early trade. A break of bespoke support at 53.00, and the move lower is already underway. We look for losses to be extended today. Expect trading to remain mixed and volatile.
Our profit targets will be 48.86 and 47.38...
Snap
Short Term - We look to Sell a break of 26.32 (stop at 29.92)
Trades with a bearish descending triangle formation. We look to set shorts in early trade for a further test of the fragile looking support. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish.
Our profit targets will be 18.18...
Litecoin
Intraday - We look to Buy at 103.15 (stop at 100.74)
We look to buy dips. Previous support located at 103.00. Short term oscillators have turned positive. Broken out of the channel formation to the upside.
Our profit targets will be 108.59 and 111.01
Resistance: 107.00 / 115.00 / 120.00
Support: 103.00 / 100.00 / 97.00
Disclaimer – Saxo Bank...
