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Stocks under our radar this week - PANW, MHCP and more

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Trader’s Edge wrote a column · Jun 10 11:32
Stocks under our radar this week - PANW, MHCP and more
Stocks to Watch
Stocks under our radar this week - PANW, MHCP and more
Daily Chart -[BULLISH ↗ **]PANW is holding above near term support at 285.00 and also holding above long term 233 period EMA. Price is expected to do a push towards 325.00 resistance. Technical indicators are advocating for a bullish scenario as well.
Alternatively: A candlestick close below 285.00 support will open a deeper pullback towards 265.00 support.
Stocks under our radar this week - PANW, MHCP and more
Daily Chart -[BULLISH ↗ **]MCHP shaped a bullish breakout and is now pulling back to near term support at 90.00. As long as price holds above this level, we stay bullish towards 97.50 resistance. Technical indicators are bullish as well, with MACD showing a slowdown in bullish momentum.
Alternatively: A candlestick close below 90.00 support will open a deeper pullback towards 87.00 support.
Stocks under our radar this week - PANW, MHCP and more
Daily Chart -[BULLISH ↗ **]Kansai Electric Power shaped a bullish exit of a rising wedge consolidation. As long as price holds above 2680 support, we stay bullish expecting price to do a further push higher towards 3050 resistance. Technical indicators are advocating for a bullish scenario as well.
Alternatively: A candlestick close below 2680 support will open a deeper pullback towards 2515 support.
Stocks under our radar this week - PANW, MHCP and more
Daily Chart -[BULLISH ↗ **]China State Construction is trending upwards strongly and has just made a new high. As long as price holds above 10.50 support, a further push up towards 11.45 resistance is expected. Technical indicators are advocating for a bullish scenario as well.
Alternatively: A candlestick close below 10.50 support will open a deeper pullback towards the next support at 9.75.
Stocks under our radar this week - PANW, MHCP and more
Daily Chart -[BULLISH ↗ **]Pop Mart has been in a steady uptrend since Feb 2024. As long as the price is holding above 37.00 support, a further push up towards 42.80 resistance is expected. Technical indicators are advocating for a bullish scenario as well.
Alternatively: A candlestick close below 37.00 support will open a drop towards the next support at 34.00.
Prepared by:
Moomoo Singapore
Isaac Lim CMT, CFTe
This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore.
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