CrowdStrike - Short Term - We look to Sell at 196.47 (stop at 211.24)
Posted a Bearish Shooting Star formation. We look for losses to be extended today. This move is expected to continue and we look to set longs at good risk/reward levels. Previous resistance located at 200.00.
Our profit targets will be 158.90 and 150.93
Resistance: 200.00 / 220.00 /...
Bitcoin - Intraday - We look to Buy at 38333 (stop at 37588)
Trend line support comes in at 38250. Dips continue to attract buyers. We look to buy dips.
Our profit targets will be 40188 and 41088
Resistance: 40200 / 41500 / 42500
Support: 39000 / 38000 / 37000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your...
ChargePoint Holdings - Short Term - We look to Sell at 19.33 (stop at 21.51)
Preferred trade is to sell into rallies. We have a 50% Fibonacci pullback level of 19.97 from 28.72 to 11.21. Previous resistance located at 20.00. The medium term bias remains bearish.
Our profit targets will be 14.34 and 11.40
Resistance: 20.00 / 29.00 / 35.00
Support: 15.00...
NVIDIA - Short Term - We look to Sell at 251.38 (stop at 266.57)
We look to sell rallies. 50 1day EMA is at 248.00. Trend line resistance is located at 252.00. Short term oscillators have turned negative. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke...
Ethereum - Intraday - We look to Buy at 2502 (stop at 2434)
The trend of higher lows is located at 2480. 2501 has been pivotal. The previous swing low is located at 2444. We look to buy dips.
Our profit targets will be 2676 and 2736
Resistance: 2680 / 2800 / 2900
Support: 2550 / 2500 / 2400
Disclaimer – Saxo Bank Group. Please be reminded – you alone...
Advanced Micro Devices - Short Term - We look to Sell at 120.45 (stop at 126.99)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. 50 1day EMA is at 121.00. Short term oscillators have turned negative. Previous support located at 100.00.
Our profit targets will be 101.28 and 85.50
Resistance: 120.00 / 145.00 /...
Tattooed Chef - Short Term - We look to Sell at 12.92 (stop at 13.77)
We look to sell rallies. Posted a Bearish Shooting Star formation. 50 1day EMA is at 13.25. Previous resistance located at 13.00. We look for losses to be extended today.
Our profit targets will be 11.05 and 9.65
Resistance: 13.00 / 15.00 / 20.00
Support: 11.00 / 10.00 / 9.00
...
Bitcoin - Intraday - We look to Sell a break of 41484 (stop at 42222)
Daily signals are bearish. We are trading at overbought extremes. A higher correction is expected. A break of bespoke support at 41500, and the move lower is already underway. 41575 has been pivotal. Previous resistance, now becomes support at 39500.
Our profit targets will be 39505 and...
Netflix - Short Term - We look to Sell at 358.64 (stop at 378.80)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 360.00. The primary trend remains bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 291.27 and 281.07
Resistance: 360.00 / 400.00 / 450.00
...
Coinbase - Short Term - We look to Sell at 193.04 (stop at 207.65)
Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 200.00. The primary trend remains bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 137.94 and 129.55
...
LTCUSD - Intraday - We look to Sell at 107.15 (stop at 111.10)
Preferred trade is to sell into rallies. Previous support at 108.00 now becomes resistance. We have a 61.8% Fibonacci pullback level of 108.41 from 116.00 to 96.14. The primary trend remains bearish.
Our profit targets will be 96.14 and 91.22
Resistance: 108.00 / 112.00 / 116.00
Support: ...
Microsoft - Short Term - We look to Sell at 297.12 (stop at 305.71)
We look to sell rallies. We look to set shorts in early trade for a further test of the fragile looking support. Prices expected to stall near trend line resistance. The trend of lower highs is located at 302.00.
Our profit targets will be 261.14 and 254.00
Resistance: 300.00 / 310.00 /...
Qualcomm - Short Term - We look to Sell at 158.32 (stop at 164.45)
Preferred trade is to sell into rallies. Previous support level of 160.00 broken. Short term RSI is moving lower. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 160.00, resulting in improved risk/reward.
Our profit targets will be 138.25 and...
Ethereum - Intraday - We look to Sell a break of 2479 (stop at 2551)
Daily signals are bearish. A break of the recent low at 2484 should result in a further move lower. Bespoke support is located at 2500. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 2311 and 2261
Resistance: 2680 / 2800 / 2900
...
Unity Software - Intraday - We look to Sell at 104.06 (stop at 111.92)
Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. The primary trend remains bearish. Further downside is expected although we prefer to sell into rallies close to the 100.00 level.
Our profit targets will be 78.95 and 68.20
Resistance: 95.00...
Novavax - Short Term - We look to Sell at 69.18 (stop at 77.64)
Trades with a bearish descending triangle formation. A break of bespoke support at 70.00, and the move lower is already underway. We look for losses to be extended today. We look to set shorts in early trade for a further test of the fragile looking support. Closed below the 20-day EMA.
Our...
Bitcoin - Intraday - We look to Buy a break of 43101 (stop at 42298)
Bespoke resistance is located at 43000. A break of bespoke resistance at 43000, and the move higher is already underway. Trading has been mixed and volatile. We look for a temporary move higher.
Our profit targets will be 45288 and 46188
Resistance: 41800 / 43000 / 44500
Support: 40800...
Airbus - Short Term - We look to Sell at 108.46 (stop at 113.02)
Preferred trade is to sell into rallies. Previous support at 107.00 now becomes resistance. 20 1day EMA is at 111.00. Expect trading to remain mixed and volatile. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 107.00, resulting in improved...
