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 20:

1. Stock Name: Akamai Technologies Inc ( $Akamai Technologies, Inc. AKAM$ )

Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the internet, ranging from live and on-demand streaming video capabilities to conventional content on websites, to tools that help people transact business and reach out to new and existing customers.

Entry: Buy above $108.00

Target: $111.50 (3.2%), $113.80 (5.4%)

Stop: $106.80 (-1.1%)

Shariah: Yes

Technical: Consolidation breakout

2. Stock Name: Ares Management Corp ( $Ares Management LP ARES$ )

Ares Management Corporation operates as an asset management firm. The Firm focuses on tradable credit, direct lending, private equity, and real estate markets. The Company also invest in all levels of a company capital structure-from senior debt to common equity. Ares Management serves university endowments, pension and sovereign wealth funds, banks, and insurance companies.

Entry: Buy above $106.00

Target: $111.00 (4.7%), $113.00 (6.6%)

Stop: $104.00 (-1.9%)

Shariah: No

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 - 13Sept23

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· M+ Global Tech Tracker - 18Sept23

· M+ Global Tech Tracker - 19Sep23

· M+ Global Tech Tracker - 20Sept23

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