BNP Paribas - Short Term - We look to Buy at 59.34 (stop at 57.18) We look to buy dips. Previous support located at 26.20. Reverse trend line support comes in at 60.00. The daily chart technicals suggests further upside before the downtrend returns. Further upside is expected although we prefer to set longs at our bespoke support levels at 60.00, resulting in...
Axa - Short Term - We look to Buy at 26.38 (stop at 25.61) Preferred trade is to buy on dips. The medium term bias remains bullish. Prices expected to stall near trend line support. Previous support located at 26.20. Our profit targets will be 28.63 and 29.45 Resistance: 28.00 / 29.00 / 30.00 Support: 26.20 / 25.00 / 24.00 Disclaimer – Saxo Bank...
ST Micro Electrics - Short Term - We look to Sell at 38.030 (stop at 39.300) Further downside is expected and we prefer to set shorts in early trade. Trades with a bearish descending triangle formation. Previous support located at 38.50. The trend of lower highs is located at 41.00. A break of 38.00 is needed to confirm follow through negative momentum. Our...
Koninklike Ahold Delhaize - Short Term - We look to Sell at 28.08 (stop at 28.95) We look to sell rallies. Previous support at 28.00 now becomes resistance. 20 1day EMA is at 28.55. Expect trading to remain mixed and volatile. The medium term bias remains bearish. Our profit targets will be 25.68 and 24.66 Resistance: 28.00 / 29.00 / 31.00 Support: ...
Euronav - Short Term - We look to Sell at 9.51 (stop at 9.91) Previous resistance located at 9.50. We are approaching the medium term resistance and look to set shorts on an approach to this level. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 8.29 and 7.20...
The long term consensus for EURONEXT:MC is still bullish . In this bullish context , it has formed a flag pattern on the daily chart which is a continuation pattern looking to be confirmed by a breakout . If this pattern is confirmed by a significant breakout and a close above the upper line , then the price would have a high probability to continue upwards...
Cup and handle already got confirmation. RSI is ready to go TP : 51.24 SL : Follow trend line
Already got confirmatition for cup & handle formation. RSI is suitable. TP 3.10 SL Follow the trend line or 2.00
Expres2ion Biotech Holding - Short Term - We look to Sell at 25.70 (stop at 27.50) Trading within a Bearish Channel formation. Closed below the 20-day EMA. The primary trend remains bearish. We expect prices to stall close to our bespoke level (26.50). Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 26.50,...
Solutions 30 - Short Term - We look to Buy a break of 7.49 (stop at 7.18) Trading within the Channel formation. Bespoke resistance is located at 7.20. A move through bespoke resistance at 7.20 and we look for extended gains. 20 1day EMA is at 6.92. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 7.20, which...
ASM International - Short Term - We look to Sell a break of 279.90 (stop at 291.90) The medium term bias remains bearish. Trades with a bearish descending triangle formation. A break of bespoke support at 280.00, and the move lower is already underway. After strong selling pressure at the start of the week the pair consolidated yesterday with little net change...
ArcelorMittal - Short Term - We look to Sell a break of 28.39 (stop at 29.95) Bespoke resistance is located at 29.00. Price action has posted a bearish Shooting Star and is negative for short-term sentiment. Previous support located at 24.50. Trading within the Channel formation. The bias is still for lower levels and we look for any gains to be limited. Our...
Norwegian Air Shuttle - Short Term - We look to Buy at 12.49 (stop at 11.04) We look to buy dips. Previous resistance, now becomes support at 12.00. 20 1day EMA is at 11.90. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 18.17 and 22.40 Resistance: 15.00 / 20.00 / 30.00 Support: 12.00 / 10.00 /...
Prosus - Short Term - We look to Buy at 68.11 (stop at 65.01) We look to buy dips. Trading within the Channel formation. Previous support located at 68.00. Previous resistance located at 80.00. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 77.39 and 80.50 Resistance: 80.00 / 90.00 / 100.00 Support:...
Carrefour - Short Term - We look to Buy a break of 18.15 (stop at 17.62) Posted a bullish Flag formation. A break of 18.00 is needed to confirm the outlook. 20 1day EMA is at 17.30. The stock is expected to outperform in its sector. 17.50 continues to hold back the bears. Our profit targets will be 19.99 and 21.10 Resistance: 18.50 / 20.00 / 22.00 ...
EURONEXT:ADYEN has just reached the point I have been anticipating since my stream on 16 December 2021. In the sloped trend lines I have drawn, the current price aligns directly with the COVID bottom in March 2020. I'm trying to find other signs of reversal, but I can't find any except the wick on the current candle which still has three trading days to close....
ArcelorMittal - Short Term - We look to Buy at 29.48 (stop at 27.95) Preferred trade is to buy on dips. Previous resistance at 30.00 now becomes support. We have a 38.2% Fibonacci pullback level of 29.24 from 23.12 to 33.02. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels....