Carrefour - 30d expiry - We look to Sell a break of 15.97 (stop at 16.55)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 16.00 should result in a further move lower.
The primary trend remains bearish.
16.00 continues to hold back the bears.
Bearish divergence can be seen on...
Roblox - 30D expiry- We look to Sell at 40.68 (stop at 43.71)
Price action has formed an expanding wedge formation.
The trend of higher highs is located at 41.00.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Expect trading to remain mixed and volatile.
Our profit targets will be 33.33 and...
US500 - 8h expiry - We look to Buy at 3790 (stop at 3765)
Broken out of the triangle formation to the upside.
The formation has a measured move target of 3898.
Dips continue to attract buyers.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Bespoke support is located at 3790.
Our profit targets will be 3890...
HS50 - 21h expiry - We look to Buy at 16461 (stop at 16249)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 16400 level.
Our profit...
Mastercard - 30d expiry - We look to Buy at 309.51 (stop at 297.77)
The primary trend remains bullish.
Support is located at 310 and should stem dips to this area.
Short term momentum is bullish.
A lower correction is expected.
308.8 has been pivotal.
Short term bias has turned positive.
This stock has seen good sales growth.
Our profit targets will be...
Delivery Hero - 30d expiry - We look to Sell at 40.44 (stop at 44.22)
Levels close to the 50% pullback level of 40.50 found sellers.
The primary trend remains bearish.
We look for a temporary move higher.
Levels close to the 78.6% pullback level of 31.00 found buyers.
Preferred trade is to sell into rallies.
Our profit targets will be 31.66 and 28.66...
Walt Disney - 30d expiry - We look to Buy a break of 102.11 (stop at 97.88)
We are trading at oversold extremes.
A break of the recent high at 101.50 should result in a further move higher.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least...
Societe Generale - 30D expiry - We look to Sell at 25.79 (stop at 27.22)
25.89 has been pivotal.
The trend of higher highs is located at 25.80.
Preferred trade is to sell into rallies.
Daily signals are mildly bearish.
Our profit targets will be 22.22 and 21.22
Resistance: 23.00 / 24.00 / 25.00
Support: 22.00 / 21.00 / 20.00
Disclaimer – Saxo Bank...
US500 - Intraday - We look to Buy at 3882 (stop at 3828)
A Fibonacci confluence area is located at 4060.
There is no clear indication that the upward move is coming to an end.
Dips continue to attract buyers.
Bespoke support is located at 3882.
Our profit targets will be 4047 and 4062
Resistance: 4047 / 4060 / 4135
Support: 3882 / 3846 / 3488
Disclaimer...
NASDAQ - Intraday - We look to Buy at 11210 (stop at 11110)
Net daily gains of 835 pips.
Yesterday's Marabuzo is located at 11228.
support is located at 11210.
Preferred trade is to buy on dips.
Our profit targets will be 11650 and 11700
Resistance: 11700 / 11744 / 12845
Support: 11228 / 11210 / 10662
Disclaimer – Saxo Bank Group.
Please be reminded –...
ASX200 - 22h expiry - We look to Buy at 7025 (stop at 6975)
Buying pressure from 6959 resulted in prices rejecting the dip.
Previous resistance level of 7027 broken.
This is positive for sentiment and the uptrend has potential to return.
Further upside is expected although we prefer to buy into dips close to the 7025 level.
Our profit targets will be 7170...
Coinbase - 30d expiry - We look to Sell at 62.28 (stop at 67.21)
Our bespoke support of 60.00 has been clearly broken.
Previous support at 60.00 now becomes resistance.
Daily signals are bearish.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
This stock has seen poor sales growth.
The primary...
ASX200 - 22h expiry - We look to Sell at 7025 (stop at 7090)
We are trading at overbought extremes.
Previous resistance located at 7028.
A lower correction is expected.
The hourly chart technicals suggests further upside before the downtrend returns.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer...
GER40 - Intraday - We look to Sell a break of 12999 (stop at 13091)
The bearish engulfing candle on the daily chart is negative for sentiment.
A break of yesterdays low would confirm bearish momentum.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
The bias is to break to the downside.
Our profit targets...
ASX200 - 22h expiry - We look to Buy at 6875 (stop at 6825)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a tight stop in anticipation...
NZDJPY - 22h expiry - We look to Buy at 85.80 (stop at 85.15)
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 86.50 will confirm the bullish momentum.
Our profit targets will be 87.30 and 87.50
Resistance: 87.00 / 87.30 / 87.50
Support: 86.00 / 85.80 /...
GBPAUD - 22h expiry - We look to Buy at 1.7875 (stop at 1.7805)
Previous support located at 1.8000.
Previous resistance located at 1.8075.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.8075 and 1.8100
Resistance: 1.8075 / 1.8100 /...
GBPNZD - 19h expiry - We look to Buy at 1.9800 (stop at 1.9640)
Previous support located at 1.9900.
Previous resistance located at 2.0000.
Indecisive price action has resulted in sideways congestion on the daily chart.
Risk/Reward is ideal to call a buy from current levels.
A move through 2.0000 will confirm the bullish momentum.
Our profit targets will...
