Lufthansa - 30d expiry - We look to Sell a break of 7.088 (stop at 7.422)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains. The primary trend remains bearish.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
A higher correction is expected.
A break of the recent low at 7.127 should...
Microsoft - 30d expiry - We look to Buy a break of 253.11 (stop at 243.98)
Prices have reacted from 213.43.
Posted a Double Top formation. 250.58 has been pivotal.
The previous swing high is located at 253.00.
A break of the recent high at 253.00 should result in a further move higher.
Short term momentum is bullish.
The bias is to break to the upside....
EasyJet - 30d expiry - We look to Buy at 353.1 (stop at 329.8)
A lower correction is expected.
Short term RSI is moving lower.
A higher correction is expected.
Bespoke support is located at 350.
We look to buy dips.
338 has been pivotal.
The 50 day moving average should provide support at 352.
Our profit targets will be 409.8 and 419.8
Resistance: 430...
Koninklike Ahold Delhaize - 30d expiry - We look to Buy at 27.14 (stop at 26.59)
Price action continued to range between key support & resistance (27.00 - 28.40) and we expect this to continue.
27.05 has been pivotal.
26.84 has been pivotal.
Daily signals are mildly bullish.
The primary trend remains bullish.
Intraday dips continue to attract buyers and...
Pfizer - 30d expiry - We look to Buy a break of 48.31 (stop at 46.56)
Short term bias has turned positive.
Posted a bullish Flag formation.
A break of 48.26 is needed to confirm the outlook.
A break of the recent high at 48.26 should result in a further move higher.
Short term momentum is bullish.
This stock has seen good sales growth.
The bias is to break...
Bayer AG - 30d expiry - We look to Sell at 54.48 (stop at 56.11)
Daily signals are bearish.
54.50 continues to hold back the bulls.
Bespoke resistance is located at 54.50.
Preferred trade is to sell into rallies.
The bearish engulfing candle on the daily chart is negative for sentiment.
Our profit targets will be 50.41 and 49.41
Resistance: 52.00 / 53.20...
Axa - Intraday - We look to Sell a break of 26.19 (stop at 27.11)
We are trading at overbought extremes.
Posted a Double Top formation.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Although we remain bullish overall, a...
FuelCell Energy - 30d expiry - We look to Sell a break of 2.79 (stop at 3.01)
The primary trend remains bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
A break of the recent low at 2.86 should result in a further move lower.
Our outlook is bearish.
There is no clear indication that the downward move is coming to an...
Unilever (ULVR) - 30d expiry - We look to Buy at 44.71 (stop at 43.89)
Daily signals are bullish.
Levels below 45 continue to attract buyers.
We look for a temporary move lower.
We look to buy dips.
Momentum is flat, highlighting the lack of clear direction.
Our profit targets will be 46.75 and 47.55
Resistance: 46.50 / 47.50 / 48.30
Support: 46.00 /...
Novavax - 30d expiry - We look to Sell at 27.69 (stop at 30.03)
The primary trend remains bearish.
Trading within a Corrective Channel formation.
The trend of higher highs is located at 26.80.
Previous support at 27.40 now becomes resistance.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 22.02 and...
Rolls Royce (RR.) - 30d expiry- We look to Buy at 79.07 (stop at 75.15)
Short term bias has turned positive.
Levels close to the 50% pullback level of 79.62 found buyers.
Levels below 80.00 continue to attract buyers.
We look to buy dips.
Daily signals are mildly bullish.
Our profit targets will be 88.88 and 90.88
Resistance: 90.00 / 94.80 /...
Exxon Mobile - 30d expiry - We look to Sell a break of 102.28 (stop at 105.22)
We are trading at overbought extremes.
Bearish divergence can be seen on the weekly (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Short term bias has turned negative.
Short term...
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,...
