BNP Paribas at Trend Line SupportBNP 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 improved risk/reward.
Our profit targets will be 65.67 and 67.40
Resistance: 65.00 / 68.00 / 70.00
Support: 60.00 / 55.00 / 50.
Axa Heading Back to Highs? 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 Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involve
Possible bottom for TakeAwayDescending wedge and bullish RSI divergence.
Reporting is coming, this might explode if there is even a small spark of positivity.
TLong
AD Heading Lower? 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: 25.50 / 23.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and los
PROSUS (1D) - Waiting for DIPHello Traders,
Prosus act as a Fund which is holding around 28% of TENCENT shares + some other interesting businesses (like e-commerce, food delivery, Payment systems, Elearning platforms) ...
For long term hodling this could be interesting pick. But is the Price correct right now or should we wait with Buy orders ?
CHart should show it all. We can see sometjhing like impulsive waves 1-3 are alredy visible withtiny wave 2. So currently finished triangle could be wave 4. = Market is hesita
Euronav Approaching resistance? 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
Resistance: 9.50 / 10.00 / 10.50
Support: 8.00 / 7.50 / 7.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are
EShort
MC (LVMH) in a decisive situationThe 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 toward the (847-852) area .
If price fails to break above the upper line and breaks below the lower line , then we could wait for price t
Solutions 30 Looking for a Break? 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 will confirm the bullish sentiment.
Our profit targets will be 8.38 and 9.27
Resistance: 7.20 / 8.20 / 9.50
Support: 6.70 / 6.30
HERMES-STRATEGIC MEDIUM/LONG TERM BUY !Following the sharp decline (-30.85 %), since the ATH @ EUR 1678.00 reached on December 1st, 2021, the price action triggered an HAMMER (reversal pattern) coupled
with a RSI BULLISH DIVERGENCE, which is a first positive signal calling for a trend reversal towards higher levels.
Important to also note that a potential DOUBLE BOTTOM is in progress (first bottom having been reached on October 1st, 2021 @ 1'166.50 !
Today's ongoing price action (long white candle) is, for the time being confirm
ASM: Descending Triangle Break Incoming? 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 and all price action within the lower half of the previous day's range.
Our profit targets will be 252.10 and 233.00
Resistance:
MT to Head Back to Support? 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 profit targets will be 24.50 and 23.15
Resistance: 29.00 / 32.00 / 35.00
Support: 25.50 / 24.00 / 22.00
Disclaimer – Saxo Bank
ALO.PA at ideal retracement rang for long term accumulation v1.1Long term highly likely to profit from major ESG investments of the EU.
Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear.
RSI and stochastic indicate leaving oversold zone and ready to take off.
Disclosure:
Long term holding will be re-evaluated after reaching 50 and 65 respectively, to cut loose if 26.85 cannot hold.
Short term plays, already bought Sep 2022 calls, strike 40 & 45, plan to take profit starting at 38.
Important update from
EDP SHORT AND LONGEDP is a Portuguese Electricity Provider Company. Following some previous patterns of previous years I show here two of the possibilities I believe it will happen and how I will play them. Even though this weekend there were some news regarding China Three Georges increasing their share on EDP the market still shown a down trend. I am already on short position until it reaches the target support area 1. After that area is reached if it keeps breaking down I will enter again on short positions an
Long-term bullish Just Eat Takeaway (strong fundamentals)Just Eat takeaway (TKWY) is one of the current market leaders within Europe. The company connects restaurants and costumers in 9 European countries.
According to the company´s given information, they are the current market leaders in the countries: Netherlands, Belgium, Germany, Austria and Poland. This information is based on: amount of restaurants, orders and their gross share.
Support and resistance levels show the price is on a strong support level right now.
Entry: 37-39
Tp1: around 61
TLong























