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 6Nov23:

1. Stock Name: PACCAR Inc ( $PACCAR Inc PCAR$ )

PACCAR Inc designs, develops, manufactures, and distributes light, medium, and heavy-duty trucks, and related aftermarket distribution of parts. The Company also offers finance and leasing services to its customers and dealers.

Entry: Buy above $86.80
Target: $89.50 (3.1%), $91.80 (5.8%)
Stop: $84.60 (-2.5%)
Shariah: No
Technical: Flag-formation breakout

2. Stock Name: Urban Outfitters Inc ( $Urban Outfitters, Inc. URBN$ )

Urban Outfitters, Inc. operates as a lifestyle products and services company. The Company sells fashion apparel, accessories, and household and gift merchandise. Urban also designs and markets women's casual wear. Urban Outfitters serves customers worldwide.

Entry: Buy above $35.80
Target: $37.00 (3.4%), $38.00 (6.1%)
Stop: $34.65 (-3.2%)
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 - 26Oct23

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· M+ Global Tech Tracker - 3Nov23

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