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 September 12:

1. Stock Name: Palantir Technologies Inc (PLTR $Palantir Technologies PLTR$ )

Palantir Technologies Inc. develops software to analyze information. The Company offers solutions support many kinds of data including structured, unstructured, relational, temporal, and geospatial. Palantir Technologies serves customers worldwide.

Entry: Buy above $15.70

Target: $16.90 (7.6%), $18.00 (14.6%)

Stop: $15.25 (-2.9%)

Shariah: No

Technical: Monitor for breakout

2. Stock Name: Dlocal Ltd/Uruguay (DLO $DLocal Limited DLO$ )

DLocal Limited of Uruguay provides payment solutions. The Company offers single payment platform which accept payments, send payouts, and settle funds. DLocal serves customers worldwide.

Entry: Buy above $21.40

Target: $23.00 (7.5%), $24.00 (12.1%)

Stop: $20.50 (-4.2%)

Shariah: No

Technical: Impending flag-formation breakout

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:

· M+ Global Tech Tracker - 1Sep23

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· M+ Global Tech Tracker - 8Sept23

· M+ Global Tech Tracker - 11Sep23

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