Rolls Royce
Short Term - We look to Sell a break of 81.96 (stop at 86.87)
Bias is mildly bearish today but we need to see a break of 81.96 to confirm the downward pressure. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. We look for losses to be extended today.
Our profit targets will be...
Postnl
Short Term - We look to Sell at 3.32 (stop at 3.44)
Preferred trade is to sell into rallies. 20 1day EMA is at 3.27. Previous resistance located at 3.30. We have a 38.2% Fibonacci pullback level of 3.30 from 3.80 to 2.99.
Our profit targets will be 2.99 and 2.87
Resistance: 3.30 / 3.50 / 4.00
Support: 3.00 / 2.90 / 2.50
Disclaimer – Saxo Bank...
Bitcoin
Intraday - We look to Buy a break of 39171 (stop at 38588)
37500 continues to hold back the bears. 39153 has been pivotal. A break of the recent high at 39165 should result in a further move higher.
Our profit targets will be 40688 and 41188
Resistance: 39150 / 39800 / 40400
Support: 38500 / 38200 / 37700
Disclaimer – Saxo Bank Group. Please be...
Axa
Short Term - We look to Sell at 25.34 (stop at 26.01)
Levels close to the 78.6% pullback level of 27.36 found sellers. Further downside is expected and we prefer to set shorts in early trade. The move higher is mixed and volatile, common in corrective sequences. The bias is still for lower levels and we look for any gains to be limited.
Our profit...
Valneva
Short Term - We look to Sell a break of 11.58 (stop at 12.61)
A break of bespoke support at 11.80, and the move lower is already underway. Current prices have reacted from a low of 11.70, however, we expect further losses to follow. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term...
Apple
Short Term - We look to Buy at 158.00 (stop at 153.00)
Posted a Bullish Hammer Bottom on the 4 hour chart. Price action has continued to range within a rectangle formation. Further upside is expected and we look to set longs in early trade. Previous resistance located at 169.50.
Our profit targets will be 168.00 and 178.00
Resistance: 169.50 / 172.00...
Litecoin
Intraday - We look to Sell at 103.62 (stop at 107.84)
The sequence for trading is lower lows and highs. Rallies continue to attract sellers. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 104.00 level.
Our profit targets will be 93.34 and 91.00
Resistance:...
General Electric Company
Short Term - We look to Sell at 82.00 (stop at 87.00)
Previous support level of 85.50 broken. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. We look for a temporary move higher. The reaction higher is positive, however, we view this as an opportunity to set shorts in...
Bitcoin
Intraday - We look to Buy at 38303 (stop at 37688)
Expect trading to remain mixed and volatile. 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. The previous swing low is located at 38200.
Our profit targets will be 39984 and 40484
Resistance: 39000...
Pinterest
Short Term - We look to Sell at 22.42 (stop at 24.30)
Our outlook is bearish. The medium term bias remains bearish. We can see no technical reason for a change of trend. 20 1day EMA is at 22.00. Preferred trade is to sell into rallies.
Our profit targets will be 15.71 and 13.70
Resistance: 22.00 / 28.00 / 40.00
Support: 18.50 / 15.00 / 10.00
...
Microsoft
Short Term - We look to Sell at 306.08 (stop at 317.41)
We look to sell rallies. We look to set shorts in early trade for a further test of the fragile looking support. Levels close to the 50% pullback level of 309.47 found sellers. The trend of lower highs is located at 315.00. Expect trading to remain mixed and volatile.
Our profit targets will...
Ethereum
Intraday - We look to Sell at 3014 (stop at 3062)
The previous swing high is located at 3037. 3037 has been pivotal. We look for a temporary move higher. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile. 20 1day EMA is at 3010.
Our profit targets will be 2886 and 2846
Resistance: 2950 / 2980 / 3040
Support:...
Alfen
Short Term - We look to Sell a break of 80.66 (stop at 85.50)
Further downside is expected, however, due to the strong support below we prefer to sell a break of 82.00, which will confirm the bearish sentiment. We look for losses to be extended today. The bias is still for lower levels and we look for any gains to be limited. Selling continued from the...
Teva Pharmaceutical Industries
Short Term - We look to Buy at 8.40 (stop at 7.90)
Preferred trade is to buy on dips. We have a 61.8% Fibonacci pullback level of 8.49 from 7.24 to 10.50. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 10.19...
Ethereum
Intraday
We look to Sell a break of 2789 (stop at 2841)
Daily signals are bearish. A break of bespoke support at 2800, and the move lower is already underway. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2646 and 2606
Resistance: 2900 / 2980 / 3040
Support: 2880 / 2800 / 2700
Disclaimer...
Bitcoin
Intraday - We look to Sell at 40598 (stop at 41258)
Daily signals are bearish. 20 1day EMA is at 40600. The previous swing high is located at 40800. Bespoke resistance is located at 40800. Expect trading to remain mixed and volatile. Preferred trade is to sell into rallies.
Our profit targets will be 38908 and 38208
Resistance: 39500 / 40000 /...
Litecoin
Intraday - We look to Sell at 102.94 (stop at 104.28)
Preferred trade is to sell into rallies. Previous support at 103.00 now becomes resistance. Prices expected to stall near trend line resistance. We have a 78.6% Fibonacci pullback level of 103.46 from 105.40 to 96.34.
Our profit targets will be 97.81 and 95.10
Resistance: 103.00 / 106.00 /...
Activision
Short Term - We look to Sell at 77.15 (stop at 78.83)
We look to sell rallies. Previous support level of 78.00 broken. Previous support at 78.00 now becomes resistance. There is ample scope for a move lower from this important resistance. Selling continued from the 61.8% pullback level of 85.33.
Our profit targets will be 65.12 and 56.10...
