TKWY - 30d expiry - We look to Sell a break of 20.38 (stop at 21.53)
The primary trend remains bearish.
We are trading at overbought extremes.
A higher correction is expected.
The bearish engulfing candle on the daily chart is negative for sentiment.
50 4hour EMA is at 20.44.
A break of the recent low at 20.44 should result in a further move lower.
Our...
US500 - Intraday - We look to Buy at 3907 (stop at 3859)
A Fibonacci confluence area is located at 4038.
Bespoke support is located at 3905.
The previous swing low is located at 3904.
Dips continue to attract buyers.
Our profit targets will be 4038 and 4055
Resistance: 4038 / 4042 / 4055
Support: 3905 / 3902 / 3487
Disclaimer – Saxo Bank Group.
Please...
Alfen - 30d expiry - We look to Buy a break of 94.04 (stop at 90.68)
Prices have reacted from 80.44.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
93.92 has been pivotal.
A break of the recent high at 93.92 should result in a further move higher.
The primary trend remains bullish.
The bias is still for higher levels and we look...
Advanced Micro Devices - 30d expiry - We look to Sell a break of 55.48 (stop at 59.11)
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 57.17 should result in a further move lower.
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Our overall...
Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71)
Posted a Treble Top formation.
The primary trend remains bearish.
In our opinion this stock is overvalued.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
26.14 has been pivotal.
Rallies should be capped by...
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...
Air Liquide - 30d expiry - We look to Buy a break of 134.52 (stop at 129.88)
Posted a Double Bottom formation.
Prices have reacted from 114.44. Posted a bullish Flag formation.
A break of 134.30 is needed to confirm the outlook.
The bias is to break to the upside.
Our outlook is bullish.
The primary trend remains bullish.
Our profit targets will be 145.88...
Snowflake - 30d - We look to Sell at 179.69 (stop at 191.11)
Daily signals are bearish.
The primary trend remains bearish.
The trend of lower highs is located at 180.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 151.11 and 141.11
Resistance: 165.00 / 170.00 / 180.00
Support: 155.00 / 145.50 /...
Barclays - 30d expiry - We look to Buy a break of 152.62 (stop at 145.44)
We are trading at oversold extremes.
A bullish reverse Head and Shoulders has formed.
Short term bias has turned positive.
Prices have reacted from 132.06.
A break of the recent high at 152.22 should result in a further move higher.
Our outlook is bullish.
Our profit targets will be...
Fiverr - 30d expiry- We look to Buy a break of 33.55 (stop at 31.18)
We are trading at oversold extremes.
Prices have reacted from 26.27.
Price action has formed a bullish ascending triangle formation.
The bias is to break to the upside.
33.04 has been pivotal.
A break of resistance at 33.50 should lead to a more aggressive move higher towards 40.00.
Our...
Carnival Corporation - 30d expiry - We look to Sell at 10.88 (stop at 11.67)
The primary trend remains bearish.
Prices have reacted from 6.11.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
11.00 continues to hold back the bulls.
11.10 has been pivotal.
The previous swing high is located at 11.19....
Airbus - 30d expiry - We look to Sell at 110.96 (stop at 116.02)
Price action continued to range between key support & resistance (90 - 112) and we expect this to continue.
Expect trading to remain mixed and volatile.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher....
Volkswagen - 30d expiry- We look to Buy a break of 134.02 (stop at 127.96)
We are trading at oversold extremes.
This stock has seen good sales growth.
Posted a Double Bottom formation.
A break of the recent high at 133.46 should result in a further move higher.
The bias is to break to the upside.
Our profit targets will be 149.48 and 157.48
Resistance:...
Pharming Group - 30d expiry- We look to Sell a break of 0.934 (stop at 0.993)
Short term bias has turned negative.
Daily signals are mildly bearish.
A higher correction is expected.
We are trading at overbought extremes.
0.936 has been pivotal.
A break of 0.936 is needed to confirm follow through negative momentum.
There is no clear indication that the...
AbbVie - 30d expiry - We look to Sell a break of 132.58 (stop at 137.03)
133 continues to hold back the bears.
132.75 has been pivotal.
Posted a Double Bottom formation.
A break of the recent low at 132.74 should result in a further move lower.
Our profit targets will be 121.01 and 117.01
Resistance: 154 / 157 / 160
Support: 147 / 142 / 137
Disclaimer –...
Lloyds Bank - 30d expiry - We look to Buy a break of 43.71 (stop at 41.98)
Trading has been mixed and volatile.
A bullish reverse Head and Shoulders has formed.
43.62 has been pivotal.
A break of the recent high at 43.62 should result in a further move higher.
The bias is to break to the upside.
Our outlook is bullish.
Our profit targets will be 47.88 and...
JD.com - 30d expiry - We look to Sell at 66.98 (stop at 71.07)
Bespoke resistance is located at 67.
Resistance could prove difficult to breakdown.
67 continues to hold back the bulls. 67.87 has been pivotal.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit...
General Electric Company - 30d expiry - We look to Sell a break of 82.98 (stop at 86.11)
We are trading at overbought extremes.
The primary trend remains bearish.
Bearish divergence is expected to cap gains.
Posted a Double Bottom formation.
A break of the recent low at 83.20 should result in a further move lower.
Trading has been mixed and volatile.
A...
