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 16th:

1. Stock Name: YETI Holdings Inc (YETI $YETI Holdings YETI$ )

Entry: Buy above $45.50

Target: $47.80 (5.1%), $49.00 (7.7%)

Stop: $44.00 (-3.3%)

Shariah: Yes

Technical: Breakout-pullback-continuation

2. Stock Name: Azenta Inc (AZTA $Azenta, Inc. - Common Stock AZTA$ )

Entry: Buy above $56.85

Target: $61.00 (7.3%), $62.90 (10.6%)

Stop: $54.90 (-3.4%)

Shariah: No

Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Global (Malacca Securities)

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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