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 12Oct23:

1. Stock Name: Micron Technology Inc (MU $Micron Technology, Inc. MU$ )

Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), static random access memory chips (SRAMs), flash memory, semiconductor components, and memory modules.

Entry: Buy above $70.00

Target: $72.10 (3.0%), $74.50 (6.4%)

Stop: $69.00 (-1.4%)

Shariah: Yes

Technical: Flag-formation breakout

2. Stock Name: ON Semiconductor Corp (ON $ON Semiconductor Corporation ON$ )

ON Semiconductor Corporation supplies analog, standard logic, and discrete semiconductors for data and power management. The Company offers products include integrated circuits and analog ICs. ON Semiconductor also offers discrete semiconductors in a variety of surface mount and standard packages.

Entry: Buy above $95.00

Target: $99.50 (4.7%), $103.30 (8.7%)

Stop: $93.10 (-2.0%)

Shariah: Yes

Technical: Short-term consolidation 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 - 2Oct23

· M+ Global Tech Tracker - 3Oct23

· M+ Global Tech Tracker - 5Oct23

· M+ Global Tech Tracker - 6Oct23

· M+ Global Tech Tracker - 9Oct23

· M+ Global Tech Tracker - 10Oct23

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