Tech Tracker | Netflix Shows 8.8% Upward Room With Monitor for Breakout; Ollie's Bargain Outlet TP at 7% Higher

M+ Global Updates 31/10/2023 15:29

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 31Oct23:

1. Stock Name: Netflix Inc ($Netflix, Inc. NFLX$ )

Netflix, Inc. operates as a subscription streaming service and production company. The Company offers a wide variety of TV shows, movies, anime, and documentaries on internet-connected devices. Netflix serves customers worldwide.

Entry: Buy above $410.00

Target: $431.30 (5.2%), $446.10 (8.8%)

Stop: $396.00 (-3.4%)

Shariah: No

Technical: Monitor for Breakout

2. Stock Name: Ollie's Bargain Outlet Holding ($Ollie's Bargain Outlet OLLI$ )

Ollie's Bargain Outlet Holdings, Inc. operates a chain of retail stores that offers brand-name products at discounted and closeout prices. The Company provides products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware.

Entry: Buy above $77.00

Target: $80.20 (4.2%), $82.40 (7.0%)

Stop: $75.00 (-2.6%)

Shariah: Yes

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 - 23Oct23

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· M+ Global Tech Tracker - 25Oct23

· M+ Global Tech Tracker - 26Oct23

· M+ Global Tech Tracker - 27Oct23

· M+ Global Tech Tracker - 30Oct23

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