DOW30 - Intraday - We look to Buy at 32811 (stop at 32561)
The medium term bias remains bearish.
The 261.8% Fibonacci extension is located at 28943 from 34939 to 32649.
Bespoke support is located at 28933.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 33558 and 34093
Resistance: 33558...
ST Micro Electrics - 30d expiry - We look to Sell at 38.29 (stop at 39.56)
Resistance could prove difficult to breakdown.
Bespoke resistance is located at 38.00.
38.44 has been pivotal. 39.28 has been pivotal.
Levels close to the 61.8% pullback level of 38.91 found sellers.
Early optimism is likely to lead to gains although extended attempts higher are...
ST Micro Electrics - 30d expiry - We look to Sell at 38.29 (stop at 39.56)
Resistance could prove difficult to breakdown.
Bespoke resistance is located at 38.00.
38.44 has been pivotal.
39.28 has been pivotal.
Levels close to the 61.8% pullback level of 38.91 found sellers.
Early optimism is likely to lead to gains although extended attempts higher are...
Ford - 30d expiry - We look to Buy at 11.63 (stop at 11.09)
Short term momentum is bearish.
The trend of higher lows is located at 11.60.
We expect prices to stall close to our bespoke level (11.60).
Trading has been mixed and volatile.
The previous swing low is located at 11.13.
We look for a temporary move lower.
Our profit targets will be 12.97 and...
US500 - Intraday - We look to Sell at 3918 (stop at 3988)
Trades at the lowest level in 25 days.
The 161.8% Fibonacci extension is located at 3861 from 4140 to 3968.
The medium term bias remains bearish.
Bespoke support is located at 3504.
Our profit targets will be 3745 and 3505
Resistance: 3918 / 3958 / 4140
Support: 3861 / 3746 / 3503
Disclaimer –...
BP. (BP.) - 30d expiry - We look to Sell a break of 454.8 (stop at 467.4)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
A break of the recent low at 455 should result in a further move lower.
The bias is to break to the downside.
Short term momentum is bearish.
Current prices have reacted from a low of 455,...
NZDJPY - 17h expiry - We look to Buy at 87.00 (stop at 86.35)
Previous support located at 87.00.
Previous resistance located at 88.00.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.00 will confirm the bullish momentum.
Our profit targets will be 88.50...
Zoom - 30d expiry - We look to Sell a break of 68.68 (stop at 71.71)
Trades at the lowest level in 34months.
Price action continues to trade around the all-time lows.
We are trading at oversold extremes.
This stock fell 3 % last week.
Short term momentum is bearish.
A break of the recent low at 68.88 should result in a further move lower.
The bias is to...
Total Energies - 30d expiry - We look to Sell a break of 55.39 (stop at 57.11)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 55.51 should result in a further move lower.
Bearish divergence is expected to cap gains.
Although the bulls are in control, the stalling positive momentum indicates a turnaround...
NZDUSD - 21h expiry - We look to Buy at 0.6400 (stop at 0.6349)
Previous support located at 0.6450. Previous resistance located at 0.6500.
The current move higher is expected to continue.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6500 will confirm the bullish momentum.
Our profit targets will be 0.6528 and 0.6558...
Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61)
Daily signals are mildly bullish.
Price action is forming a bullish flag which has a bias to break to the upside.
Trend line support is located at 327.
We look to buy dips.
We are trading at oversold extremes.
This stock has seen good sales growth.
50 1 day EMA is at 329.
Our profit targets...
Airbus - Intraday - We look to Sell at 111.86 (stop at 117.22)
Price action continued to range between key support & resistance (90 - 112) and we expect this to continue.
Expect trading to remain mixed and volatile.
We are trading at overbought extremes.
A higher correction is expected.
Offers ample risk/reward to sell at the market.
The previous high is...
GBPNZD - 21h expiry - We look to Buy at 1.9050 (stop at 1.8890)
Previous support located at 1.9050.
Previous resistance located at 1.9300.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9230 will confirm the bullish momentum.
Our profit targets...
Novavax - 30d expiry - We look to Sell a break of 15.49 (stop at 17.01)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Prices are extending lower from the bearish flag/pennant formation.
Posted a bearish Flag formation.
A break of 15.50 is needed to confirm the outlook.
The bias is to break to the...
GBPNZD - 20h expiry - We look to Sell at 1.9279 (stop at 1.9361)
Our short term bias remains negative.
The 50% Fibonacci retracement is located at 1.9275 from 28/11/2022 to 01/12/2022.
Bespoke resistance is located at 1.9282. Preferred trade is to sell into rallies.
Our profit targets will be 1.9095 and 1.9000
Resistance: 1.9250 / 1.9275 / 1.9282
Support:...
AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62)
The previous swing high is located at 20.90.
There is no clear indication that the upward move is coming to an end.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance is located at 20.90 and should cap gains to this area.
Expect trading to...
US500 - Intraday - We look to Sell at 3969 (stop at 3994)
Posted Mixed Daily results for the last 3 days.
Intraday, and we are between bespoke support and resistance 3913-3969.
The medium term bias remains bearish.
Preferred trade is to sell into rallies.
Our profit targets will be 3913 and 3700
Resistance: 3969 / 4050 / 4097
Support: 3913 / 3700 /...
ASML Holding - 30d expiry - We look to Buy a break of 591 (stop at 559)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Short term momentum is bullish.
This stock has seen good sales growth.
A break of the recent high at 588 should result in a further move higher.
The bias is to break to the upside.
The...
