Stocks under our radar this week - PANW, MHCP and more
Stocks to Watch
$Palo Alto Networks(PANW.US$ (PANW US)
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.
$Microchip Technology(MCHP.US$ (MCHP US)
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.
$Kansai Electric Power(9503.JP$ (9503 JP)
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.
$CHINA STATE CON(03311.HK$ (3311 HK)
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.
$POP MART(09992.HK$ (9992 HK)
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
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Cui Nyonya Kueh : c u tmr![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Trader’s Edge OP Cui Nyonya Kueh : 11am! We're trying out a different timing tomorrow. Trying to see which would be the best timing for our community members... Looking forward! :)