Tech Tracker | Oil Refiner HF Sinclair Anticipates Flag-Formation Breakout; Pharmaceutical Wholesaler McKesson Suggests Buying above $427.00.
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 19:
1. Stock Name: HF Sinclair Corp ( $HF Sinclair Corporation Common Stock DINO$ )
HF Sinclair Corporation refines, transports, stores, and markets petroleum products. The Company's refineries produce light products such as gasoline, diesel fuel, and jet fuel which are marketed in the southwestern United States, northern Mexico, and Montana.
Entry: Buy above $60.20
Target: $63.00 (4.7%), $65.00 (8.0%)
Stop: $59.50 (-1.2%)
Shariah: Yes
Technical: Impending flag-formation breakout

2. Stock Name: McKesson Corp ( $McKesson Corporation MCK$ )
McKesson Corporation distributes pharmaceuticals, medical-surgical supplies, and health and beauty care products throughout North America. The Company also develops, implements, and supports software that facilitates the integration of data throughout the health enterprise. In addition, McKesson offers analytic, care management, and patient solutions for payers.
Entry: Buy above $427.00
Target: $439.00 (2.8%), $446.00 (4.4%)
Stop: $420.40 (-1.5%)
Shariah: Yes
Technical: 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 - 11Sep23
· M+ Global Tech Tracker - 12Sept23
· M+ Global Tech Tracker - 13Sept23
· M+ Global Tech Tracker - 14Sept23