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...
Amazon - 30d expiry - We look to Buy at 103.11 (stop at 97.97)
101.26 has been pivotal.
101.43 has been pivotal.
We look to buy dips.
We look for a temporary move lower.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is located at 102.00 and should stem dips to this area.
Our profit targets will...
Alphabet - 30d expiry - We look to Buy a break of 103.66 (stop at 99.49)
Price action looks to be forming a bottom.
Bullish divergence can be seen on the weekly chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
The RSI is trending higher.
103.47 has been...
IBM - 30d expiry - We look to Sell at 134.98 (stop at 139.41)
The medium term bias is neutral.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
The trend of lower highs is located at 136.
Preferred trade is to sell into rallies.
Short term momentum is bullish.
Early optimism is likely to lead to gains although extended...
Engie - 30d expiry - We look to Buy a break of 12.42 (stop at 12.04)
Daily signals are mildly bullish.
A break of resistance at 12.40 should lead to a more aggressive move higher towards 13.00.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
Levels close to the 50% pullback level of 11.34 found buyers.
Our profit targets...
Coinbase - 30d expiry - We look to Sell at 73.48 (stop at 78.66)
The primary trend remains bearish.
Price action continued to range between key support & resistance (60 - 74) although we expect a break of this range soon.
The bias is to break to the downside.
We look for a temporary move higher.
73.78 has been pivotal.
Preferred trade is to sell into...
ABN Amro Bank - 30d expiry - We look to Buy a break of 9.63 (stop at 9.29)
Prices have reacted from 8.69.
Posted a Double Bottom formation.
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
A break of the recent high at 9.62 should result in a further move higher.
Our profit targets will be 10.44 and...
EasyJet - 30D expiry - We look to Buy a break of 311.1 (stop at 288.8)
We are trading at oversold extremes.
The trend of lower highs is located at 370.
The previous swing high is located at 375.
We look for a temporary move higher.
There was little net movement as we continue to consolidate within the 280 - 310 range.
Although the bears are in control, the...
