Wells Fargo - Short Term - We look to Buy at 51.28 (stop at 49.63)
Preferred trade is to buy on dips. Previous support located at 51.00. We have a 61.8% Fibonacci pullback level of 51.49 from 46.04 to 60.30. The medium term bias remains bullish. Expect trading to remain mixed and volatile.
Our profit targets will be 56.06 and 59.10
Resistance: 57.00 /...
Bitcoin - Intraday - We look to Buy at 36444 (stop at 35698)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 36264 has been pivotal. We look to buy dips. Price action continued to range between key support & resistance (36000 - 39000) and we expect this to continue.
Our profit...
Microsoft - Short Term - We look to Buy at 279.24 (stop at 272.73)
Preferred trade is to buy on dips. A higher correction is expected. Previous support located at 280.00. 280.00 continues to hold back the bears. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 299.23 and 309.50
Resistance: 300.00 /...
Apple - Short Term - We look to Buy at 156.38 (stop at 151.92)
We look to buy dips. Prices expected to stall near trend line support. Previous support located at 156.38. Intraday signals are mixed. We are approaching the medium term support and look to set longs on an approach to this level.
Our profit targets will be 167.38 and 174.20
Resistance: 170.00...
Bitcoin - Intraday - We look to Sell at 38698 (stop at 39404)
Daily signals are bearish. We look for a temporary move higher. Bespoke resistance is located at 39000. 20 4hour EMA is at 38500.
Our profit targets will be 36858 and 35958
Resistance: 38000 / 39000 / 40000
Support: 37000 / 36300 / 35500
Disclaimer – Saxo Bank Group. Please be reminded –...
LTCUSD - Intraday - We look to Buy at 100.55 (stop at 96.58)
We look to buy dips. The immediate bias is skewed to the downside but, with this move assessed as being corrective, we would prefer to buy into the dip. Previous support located at 100.00. We look for a temporary move higher. Trading close to the psychological 100.00 level.
Our profit targets will...
MCPHY Energy - Short Term - We look to Sell at 15.01 (stop at 16.66)
Previous support at 15.00 now becomes resistance. 20 1day EMA is at 16.00. Trading volume is increasing. 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 9.54 and 7.15
Resistance: 15.00 / 18.00 /...
LTCUSD - Intraday - We look to Sell at 119.84 (stop at 124.75)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 120.00. 20 1hour EMA is at 119.00. The trend of lower highs is located at 123.00. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Our...
BNP Paribas - Short Term - We look to Buy at 59.34 (stop at 57.18)
We look to buy dips. Previous support located at 26.20. Reverse trend line support comes in at 60.00. The daily chart technicals suggests further upside before the downtrend returns. Further upside is expected although we prefer to set longs at our bespoke support levels at 60.00, resulting in...
Axa - Short Term - We look to Buy at 26.38 (stop at 25.61)
Preferred trade is to buy on dips. The medium term bias remains bullish. Prices expected to stall near trend line support. Previous support located at 26.20.
Our profit targets will be 28.63 and 29.45
Resistance: 28.00 / 29.00 / 30.00
Support: 26.20 / 25.00 / 24.00
Disclaimer – Saxo Bank...
Bitcoin - Intraday - We look to Sell a break of 39978 (stop at 40555)
Daily signals are bearish. A break of yesterdays low would confirm bearish momentum. There is no indication that the selloff is coming to an end. Trading close to the psychological 40000 level.
Our profit targets will be 38303 and 37404
Resistance: 41000 / 42000 / 43000
Support: 40000...
ST Micro Electrics - Short Term - We look to Sell at 38.030 (stop at 39.300)
Further downside is expected and we prefer to set shorts in early trade. Trades with a bearish descending triangle formation. Previous support located at 38.50. The trend of lower highs is located at 41.00. A break of 38.00 is needed to confirm follow through negative momentum.
Our...
Koninklike Ahold Delhaize - Short Term - We look to Sell at 28.08 (stop at 28.95)
We look to sell rallies. Previous support at 28.00 now becomes resistance. 20 1day EMA is at 28.55. Expect trading to remain mixed and volatile. The medium term bias remains bearish.
Our profit targets will be 25.68 and 24.66
Resistance: 28.00 / 29.00 / 31.00
Support: ...
Ethereum - Intraday - We look to Sell at 3149 (stop at 3211)
Daily signals are bearish. Trend line resistance is located at 3160. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 2981 and 2931
Resistance: 3100 / 3150 / 3200
Support: 3000 / 2950 / 2900
Disclaimer – Saxo Bank Group. Please be...
Barclays - Short Term - We look to Buy at 187.74 (stop at 177.66)
Preferred trade is to buy on dips. Previous support located at 190.00. Prices expected to stall near trend line support. Levels close to the 50% pullback level of 187.16 found buyers. The primary trend remains bullish.
Our profit targets will be 219.38 and 227.80
Resistance: 200.00 / 210.00...
Euronav - Short Term - We look to Sell at 9.51 (stop at 9.91)
Previous resistance located at 9.50. We are approaching the medium term resistance and look to set shorts on an approach to this level. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 8.29 and 7.20...
Ethereum - Intraday - We look to Sell at 3239 (stop at 3311)
Daily signals are mildly bearish. The trend of lower highs is located at 3250. 3284 has been pivotal. Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 3041 and 3001
Resistance: 3150 / 3200 / 3280
Support: 3050 / 3000 /...
Expres2ion Biotech Holding - Short Term - We look to Sell at 25.70 (stop at 27.50)
Trading within a Bearish Channel formation. Closed below the 20-day EMA. The primary trend remains bearish. We expect prices to stall close to our bespoke level (26.50). Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 26.50,...
