Royal Dutch Shell 'A' - Short Term - We look to Sell at 19.49 (stop at 20.37)
Short term momentum is bearish. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We have a Gap open at 19.49 from 25/11/2021 to 26/11/2021. We expect a move lower in a corrective sequence, targeting...
Bitcoin - Intraday - We look to Buy at 55852 (stop at 54979)
Daily signals are mildly bullish. Dips continue to attract buyers. 55640 has been pivotal. We look to buy dips. Trend line support is located at 55800. We are trading at oversold extremes.
Our profit targets will be 58348 and 59248
Resistance: 57000 / 58000 / 59000
Support: 56000 / 55000 /...
DSV - Intraday - We look to Sell at 1415 (stop at 1496.5)
Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Further downside is expected although we prefer to set shorts at...
ATOS - Intraday - We look to Sell at 38.73 (stop at 41.72)
The medium term bias remains bearish. Trading within a Bearish Channel formation. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. The formation has a measured move target of 30.61. Further downside is expected although we prefer to set shorts...
Tesla - Intraday - We look to Buy at 911.00 (stop at 850.00)
The medium term bias remains bullish. We have a Gap open at 911 from 22/10/2021 to 25/10/2021. We have a 50% Fibonacci pullback level of 895.24 from 546.98 to 1243.49. Bespoke support is located at 910. Preferred trade is to buy on dips.
Our profit targets will be 1243.00 and 1300.00
Resistance: ...
Nikola Corporation - Intraday - We look to Sell at 13.54 (stop at 15.24)
We look to sell rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 13.50. Previous support located at 9.00. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight...
Tencent Holding - Intraday - We look to Sell at 65.30 (stop at 68.70)
Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
CSCO - Short Term - We look to Buy at 59.26 (stop at 57.57)
Preferred trade is to buy on dips. We have a 38.2% Fibonacci pullback level of 58.97 from 51.08 to 63.84. Previous resistance, now becomes support at 59.00. 20 1day EMA is at 59.80. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 63.83 and 64.50...
Newmont Corporation - Short Term - We look to Sell at 58.49 (stop at 60.65)
Trading within the Channel formation. Price action has posted a Doji candle and signals a possible reversal of the recent trend. Price action has stalled at good resistance levels and currently trades just below here (60.00). Previous support located at 52.50. Offers ample risk/reward...
Bitcoin - Intraday - We look to Buy a break of 49808 (stop at 49039)
Dips continue to attract buyers. Trend line resistance is located at 49500. Bespoke resistance is located at 49800. Trading close to the psychological 50000 level. Further upside is expected and we look to set longs in early trade. A clear break of 50000 and we would look for further gains to...
LTCUSD - Short Term - We look to Sell a break of 140.40 (stop at 146.97)
Trades with a bearish descending triangle formation. A break of 142.00 is needed to confirm follow through negative momentum. The trend of lower highs is located at 152.00. Further downside is expected and we prefer to set shorts in early trade. A break of bespoke support at 142.00, and...
Ethereum - Intraday - We look to Buy at 3773 (stop at 3657)
Trading within the Channel formation. The trend of higher lows is located at 3755. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 3750. We look to buy dips.
Our profit targets will be 4076 and 4233
Resistance: 4100 / 4200 / 4500
Support: ...
Bitcoin - Intraday - We look to Buy at 45618 (stop at 44861)
Previous support located at 45500. Trades with a bearish descending triangle formation. We look for a temporary move higher. The bias is still for higher levels and we look for any dips to be limited. We look to buy dips.
Our profit targets will be 47548 and 48000
Resistance: 48000 / 49000 /...
Capita - Short Term - We look to Buy at 33.70 (stop at 31.08)
We look to buy dips. We are trading at oversold extremes. Price action moved lower but found support at 34.00. We look for a temporary move higher. A higher correction is expected. Risk/reward is ample to call a buy trade.
Our profit targets will be 48.89 and 55.00
Resistance: 45.00 / 50.00 /...
Bitcoin - Intraday - We look to Buy at 48014 (stop at 46987)
Bespoke support is located at 48000. 47111 has been pivotal. Dips continue to attract buyers. We look to buy dips.
Our profit targets will be 50777 and 51677
Resistance: 49800 / 50800 / 52000
Support: 48800 / 48000 / 47000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are...
LTCUSD - Intraday - We look to Buy at 143.77 (stop at 134.00)
We look to buy dips. 141.00 continues to hold back the bears. Further upside is expected. We look for a temporary move lower. Indecisive price action has resulted in sideways congestion on the daily chart. Further upside is expected although we prefer to set longs at our bespoke support levels at...
Coca-Cola - Short Term - We look to Buy at 56.74 (stop at 55.13)
Previous resistance level of 57.00 broken. Posted a Double Bottom formation. The formation has a measured move target of 61.27. Daily signals are bullish. Risk/Reward would be poor to call a buy from current levels. Further upside is expected although we prefer to set longs at our bespoke support...
GameStop - Short Term - We look to Buy at 158.81 (stop at 130.88)
Previous support located at 145.98. Posted a Bullish Hammer Bottom on the Daily chart. Daily signals are mildly bullish. The bias is still for higher levels and we look for any dips to be limited. Risk/reward is ample to call a buy trade.
Our profit targets will be 239.71 and 293.57
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