Tech Tracker | BRBR Is Expected to Rise Up by 8.5%; Low-Priced Stock ITUB Signals 'Consolidation Breakout'

M+ Global Updates 27/10/2023 18:01

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 27Oct23:

1. Stock Name: BellRing Brands Inc (BRBR $BellRing Brands BRBR$ )

BellRing Brands, Inc. operates as a nutrition company. The Company sells protein, dymatize, and powerbar products. BellRing Brands serves customers worldwide.

Entry: Buy above $43.70
Target: $45.80 (4.8%), $47.40 (8.5%)
Stop: $42.80 (-2.1%)
Shariah: Yes
Technical: Pennant-formation breakout

2. Stock Name: Itau Unibanco Holding SA (ITUB $Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB$ )

Itau Unibanco Holding S.A. attracts deposits and offer retail, commercial, corporate, and private banking services. The Bank offers consumer loans, financial management, insurance, pension plans, treasury services, mortgage loans, lease financing, securities brokerage, and foreign exchange services.

Entry: Buy above $5.55
Target: $5.75 (3.6%), $5.85 (5.4%)
Stop: $5.45 (-1.8%)
Shariah: No
Technical: 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 - 18Oct23

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· M+ Global Tech Tracker - 23Oct23

· M+ Global Tech Tracker - 24Oct23

· M+ Global Tech Tracker - 25Oct23

· M+ Global Tech Tracker - 26Oct23

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