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 8Nov23:

1. Stock Name: Carvana Co (CVNA $Carvana Co. Class A CVNA$ )

Carvana Co. operates an online platform for buying used cars. The Company offers test drives, vehicle financing, and car reviews. Carvana serves customers in the United States.

Entry: Buy above $34.15
Target: $37.50 (9.8%), $40.20 (17.7%)
Stop: $31.50 (-7.8%)
Shariah: No
Technical: Breakout-pullback-continuation

2. Stock Name: Salesforce Inc (CRM $salesforce.com, inc. CRM$ )

Salesforce, Inc. operates as a cloud-based software company. The Company develops customer relationship management software and applications focused on sales, customer service, marketing automation, analytics, and application development. Salesforce serves customers worldwide.

Entry: Buy above $211.80
Target: $219.00 (3.4%), $225.50 (6.5%)
Stop: $206.70 (-2.4%)
Shariah: Yes
Technical: Flag-formation 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 - 30Oct23

· M+ Global Tech Tracker - 31Oct23

· M+ Global Tech Tracker - 1Nov23

· M+ Global Tech Tracker - 3Nov23

· M+ Global Tech Tracker - 6Nov23

· M+ Global Tech Tracker - 7Nov23

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