Givaudan approaching major resistance
Givaudan (GIVN SW) is approaching major resistance 3'536. Last time in December stock wasn't able to break. Keep an eye at this key level. Source : Bloomberg
ASML near all time high
ASML (ASML NA) confirmed once again the bull trend by breaking 700 to the upside. Next level to keep an eye is all time high 777.50. Source : Bloomberg
Bitcoin (XBTUSD) Keep an eye at support
Bitcoin (XBTUSD) remains in a bull trend since mars 2023 but be carreful at this pullback as it's testing latest swing support 40'968.50 . This level needs to hold for the trend to remain valid. Source : Bloomberg
Hang Send Index reaching a multisupport zone
Hang Seng Index (HSI) is retesting October 2022 low. It's also on 1989 uptrend support !!! Keep an eye at this zone 14'600-15'200 over the next few days. Source : Bloomberg
Franco-Nevada testing again major support zone
Franco-Nevada (FNV US) is testing for a second time since December major support zone 105-109 ! This level is key as stock is in a trading range 105 - 170 since 2020 ! . Will it rebound once again ? Source : Bloomberg
New Year, New Low!
After a shallow rally, Chinese hashtag#equities just made a new low. Down 15% from their peak in May last year, down 22% from their 2021 peak. Sources: Jeroen Blokland, Bloomberg
Long positioning by CTAs is extreme and creates some downside risk for the market.
According to UBS: "ES1 (sp500 futures) is already 100% long with first meaningful sell triggers @ -4% to -6%. NQ1 (nasdaq) is 92% long with first meaningful sell triggers @ - 4% to 6%". Source: TME, UBS
SGS under pressure, on long term swing support
SGS (SGSN SW) is down more than 5% this morning and 43% since January 2022 highs ! Keep an eye at 72.06 support over the next few days. Source : Bloomberg
