Our in-house experts provide daily technical analysis to assist investors in making informed trading decisions and enhancing their trading strategy.

Here’s a summary of the technical analysis for August 8th:

1. Stock Name: nVent Electric PLC (NVT $nVent Electric plc Ordinary Shares NVT$ )

Entry: Buy above $55.20

Target: $57.50 (4.2%), $59.50 (7.8%)

Stop: $54.00 (-2.2%)

Shariah: Yes

Technical: Impending flag-formation breakout

2. Stock Name: NCR Corp (NCR $NCR Corporation NCR$ )

Entry: Buy above $29.00

Target: $30.60 (5.5%), $31.70 (9.3%)

Stop: $28.30 (-2.4%)

Shariah: No

Technical: Trendline breakout

More about Loui:

Loui Low leads a team of analysts to perform equity and economic research and to provide investment advisory services to the organization's sales team, fund manager and retail fraternity. He has more than 10 years of experience in the stockbroking industry.

He graduated with a Bachelor of Science in Statistics from University of Malaya. He also holds an STA Diploma and is a member of the Society of Technical Analysts (MSTA) United Kingdom.

More about the tech tracker :

Our technical analysis section is updated daily and features insights from our expert analyst, Loui, on the stock market. Traders may find some trading inspiration from Loui's views.

More Insights from Loui:

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· M+ Global Tech Tracker - 7Aug23

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