Maybank Investment Bank's Daily Technical Analysis | 19 Aug 2024
With the S&P500 index now trading above all its moving averages, we believe the bulls will try to make another upleg. Notwithstanding that, trading could be choppy as the 30-day and 50-day SMAs are about to converge. This week, we anticipate volatility to escalate amid a potential September rate cut.
Join Maybank Investment Bank's Head of Retail Research, Tee Sze Chiah as he shares his views on some new Regional stock trading ideas.
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