Tech Tracker | Energy Firm TTE Signals "Pennant Formation Breakout"; Tech Firm FI Shows "Consolidation Breakout"

M+ Global Updates 03/11/2023 14:15

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 3Nov23:

1. Stock Name: TotalEnergies SE ($TotalEnergies SE TTE$ )

TotalEnergies SE operates as an energy company. The Company produces, transports, and supplies crude oil, natural gas, and low-carbon electricity, as well as refines petrochemical products. TotalEnergies owns and manages gasoline filling stations worldwide.

Entry: Buy above $68.50

Target: $70.00 (2.2%), $71.50 (4.4%)

Stop: $67.50 (-1.5%)

Shariah: Yes

Technical: Pennant Formation Breakout

2. Stock Name: Fiserv Inc ($Frank's International NV FI$ )

Fiserv, Inc. provides integrated information management and electronic commerce systems and services. The Company's solutions include transaction processing, electronic bill payment and presentment, business process outsourcing, document distribution services, and software and systems solutions.

Entry: Buy above $117.80

Target: $121.00 (2.7%), $123.00 (4.4%)

Stop: $115.20 (-2.2%)

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.

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