{"id":34291,"date":"2023-10-17T07:49:00","date_gmt":"2023-10-16T23:49:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=34291"},"modified":"2023-10-17T14:27:11","modified_gmt":"2023-10-17T06:27:11","slug":"technical-analysis-17-october-2023","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-17-october-2023\/","title":{"rendered":"Technical Analysis &#8211; 17 October 2023"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><a href=\"#us\">United States<\/a> |<a href=\"#sg\"> Singapore<\/a> |<a href=\"#hk\"> Hong Kong<\/a> |<a href=\"#ea\"> Earnings<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-54.png\" class=\"wp-image-15016\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-54.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-54-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Salesforce, Inc. (CRM US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/19S-AS9vH4dXj7kkEm_crYbGDgtmN6Y6fSR1rfiYKAg-bfujvVhqbaBhm1xTukfgWavxRR-Gf-GqDmlNKlyYxoOMPOYgLEQPNIkIQxEwJ8qsoNs1Y6C9gaquawU9uyx2bMURJTlQImJnD1kKfr6JfxA\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed higher above the 20dEMA. 5dEMA is about to cross the 20dEMA.<\/li><li>MACD is positive, RSI is turning constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 206, Target 226, Stop 196<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/d15iGYChO-naoSTesopHK2qKWikYCmUlUDITIflr4hXhw8x_2A1rQJo0RXi_x24Glda5okrY4JqkLpNNSjFYPUo1Hj6fVLLC0hZuIneCYNJn4DGLrr6iCt5qn-iwlJV85sL1EGhiAX5sITYuAkbyno4\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Cloudflare, Inc. (NET US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/8viEKDGP7F4pAgTpg6LjawwezEfMXzqIsiP_ORg4nACBVMPluHKRDuSBqtZWp6vb-J1RQMI1IIQORAinKW2d0Tnwp_zMdBy9DhhqENgrZgUtw8FIIkhYAwaBX0M1cOyKnf3yCWYOSNiS2SODAhgL8Iw\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed higher above the 5dEMA with constructive volume. 20dEMA is about to cross the 50dEMA.<\/li><li>MACD is positive, RSI is constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 63.0, Target 69.0, Stop 60.0<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-58.png\" alt=\"\" class=\"wp-image-15020\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-58.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-58-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-15015-_q3z2pzaup3mw\"><\/a><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-59.png\" class=\"wp-image-15021\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-59.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-59-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Comfort Delgro Corp. (CD SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/I9bgmfEFMq8raSB_vtOkQtyynvqFZQ6VMA9NoZlT8nosHh0KXJ1Em7Im7RtrvJ2FQhJ_o0KswAGwLd-ptOTORaG0fkAFF2PXs8vF7gSVnxfrd8kzb1xpsSTKjOq0clEWGw2SO-CpvmQgRLQl22dhezE\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed at the 5dEMA<\/li><li>MACD is positive, RSI is constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 1.32, Target 1.42, Stop 1.27<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/g7i9cf5KdurDopmZbepxwTvrOkMl5R14xE0rjmIKgeBUp4qI3VZHDzaGN8cMCh7yglRt5ipr9S2H2e-bGdF5C4dOasXj_Jddkmq-zDCouJOxaUSCPkdE_7qVROB5pA7_SIYFmojPvJc0_d4co5CmVCs\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">UMS Holdings Ltd. (UMSH SP)<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/pj-qSJlfsgdT0IOegopGI6VaYRwCpQgQ81wQIfxWZ4HO5yULpRHBnW99IMHttRKC1fHvxGlVUBqnYBg5jQ7y24_IacT-QwSsdtDeh0mlcvy--5lM4f_saaSC096q9FvbSjOusiwXWXAtKcy7gx5iMBg\" width=\"602\" height=\"335\"><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed below the 5dEMA.&nbsp;<\/li><li>MACD is about to turn positive, RSI is constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 1.30 Target 1.40 Stop 1.25<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/yV_Xnu_hXUOGMgZDR8Bt-KVJqh7F0hJW67ub5pqQ3zcYS3XS4f2hy3ieQic3A_uEgVAduKTFu3L0lxFLm2-v2rI4ui56z4HbM8DS8t6VI6KKsr92Io5JE1U9Fxf_hfQ4QEr69osTUO3uDrylwKUsLlg\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/lh4.googleusercontent.com\/QMpvGCOCydiwQnXNAjEsreDHLysxjGGNj75eC5JRp1gQ5i4VgteJRMvCxBKXwZvPaiUG9gwfb7DQYrPe26Df9OTwKahXnQx1Kz4HWWXzhPQghxWg1UVJx-Y5bWLmbRUDMi79wyo5FadyUulHBrGvA9M\"><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">China Shenhua Energy Co Ltd (1088 HK)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/CjKK8VKJPqsV0Rd_UB5QlYJlLhoO6YQaLNX-BVLyU8KKrvPIWP6r3Xm01TBktnLKlDDyWLWV-Mml0KwRZ31Vbm7DaOGiYZWwuQRT_43QkgfxngZXxzrVn-ZLiuReDwGpnRFpb6OZWYP3_wrs8oiGcc4\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 5dEMA with an increase in volume.&nbsp;<\/li><li>RSI is constructive, while MACD is negative.<\/li><li><strong>Long \u2013 Entry 24.8, Target 26.2, Stop 24.1<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/f5uNHYlcC2xoxebXN7reAg9ujTbWLIXVfLhWMFREAe1rI3RzdW6GQEK1p1lJ8ipdYxL9Ys4K3rKbt5fljDMabmevgpjGfhcaf4Yecyzjst7b479fQWVQ79scNHYkg_wI21CBwIV96dMQpeLBIJ8TIqs\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Yankuang Energy Group Co Ltd (1171 HK)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/C7u9ZSguOMVwR5rVkh_u4w1HhzUGCsbrNM1bTEgcQlBS49a1pxQ6NxAsHH3cqUi-SRxWOk_2lPUb1hfL9Q1-b_pT8KUDwuU13ZdHZYpy34RT2trecVfqjEd40vErLK4QZW7sy5xmbAzF1eeRABnZH-c\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 5dEMA with an incline in volume. The 5dEMA rose above the 20dEMA.<\/li><li>RSI is constructive, while MACD is negative.<\/li><li><strong>Long \u2013 Entry 14.32, Target 15.32, Stop 13.82<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/0lbu87C7Z1xDluPkJ4a_3PnUvgVbgBLRFqgJnJTT2i_3ZloXjWEjv3X1Gaf_6L-IEeo9eU2b_Q8eX5V08EwDl2iDePpPYrkgUSciNzAHbretE9sS6mf_-hmNhBIKuUTu5CQCFv1j7ahqxsl3HO05ycM\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"ea\"><strong><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/lh4.googleusercontent.com\/Z0_IBt6WlF0wm5dAEE4psh4I_6pSghTaGP0Y_ZZAwegn7jopZCKQyTfuD0oEsUDDUKowD7fa1Ea2Qwx45kOknTimYAqpfRYuOw5fGhED3KM1EwZbJNUHzjY0ROwYmgHdMm0McVEGRZJCbcb5UDLi3jc\"><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Charles Schwab Corp\/The (SCHW)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>3Q23 Revenue: <\/strong>$4.61B, -16.2% YoY, in-line with estimates<\/li><li><strong>3Q23 Non-GAAP EPS:<\/strong> $0.77, beat estimates by $0.03<\/li><li><strong>FY23 Guidance:<\/strong> Revenue is expected to decline by 8%-9% YoY, compared with the -7.9% average analyst estimate. Expense growth, on an adjusted basis, is seen growing 6% in FY23.&nbsp;<\/li><li><strong>Comment: <\/strong>Charles Schwab reported Q3 earnings that exceeded Wall Street expectations, driven by growth in its asset management business. The company&#8217;s fees rose by 17% to $1.22 billion due to strong inflows into its various funds. However, its net interest revenue decreased by 23.5% to $2.24 billion, reflecting the impact of client allocation decisions in a higher-interest-rate environment. Charles Schwab&#8217;s net new assets experienced some attrition due to the absorption and conversion of TD Ameritrade accounts, but the company remains optimistic about its growth prospects. The firm sees net interest margin rebounding through 2024 and approaching 3% by the end of 2025. Despite the favourable high interest rate environment, expected to be advantageous for Charles Schwab, the company is likely to face ongoing challenges in maintaining its net interest revenue in Q4 due to the decline in customer deposits. However, this decline may be partially offset by the company\u2019s cost-cutting measures alongside increased fee income. <strong>4Q23 recommended trading range<\/strong><strong>: $50 to $56. Neutral Outlook.&nbsp;&nbsp;<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5609\u4fe1\u7406\u8d22 (SCHW)&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u8425\u6536\uff1a<\/strong>46.1\u4ebf\u7f8e\u5143, \u540c\u6bd4\u8dcc\u5e4516.2%\uff0c\u7b26\u5408\u9884\u671f<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63Non-GAAP\u6bcf\u80a1\u76c8\u5229<\/strong>\uff1a0.77\u7f8e\u5143\uff0c\u8d85\u9884\u671f0.03\u7f8e\u5143&nbsp;&nbsp;<\/li><li><strong>23\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u8425\u6536\u9884\u8ba1\u5c06\u540c\u6bd4\u4e0b\u964d8%\u81f39%\uff0c\u800c\u5206\u6790\u5e08\u7684\u5e73\u5747\u9884\u671f\u4e3a\u4e0b\u964d7.9%\u3002\u7ecf\u8c03\u6574\u540e\u7684\u652f\u51fa\u589e\u957f\u9884\u8ba1\u5c06\u572823\u8d22\u5e74\u589e\u957f6%\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>\u5609\u4fe1\u7406\u8d22\u516c\u5e03\uff0c\u56e0\u53d7\u8d44\u4ea7\u7ba1\u7406\u4e1a\u52a1\u589e\u957f\u7684\u63a8\u52a8\uff0c\u5176\u7b2c\u4e09\u5b63\u5ea6\u6536\u76ca\u8d85\u51fa\u4e86\u534e\u5c14\u8857\u7684\u9884\u671f\u3002\u7531\u4e8e\u5404\u79cd\u57fa\u91d1\u7684\u8d44\u91d1\u6d41\u5165\u5f3a\u52b2\uff0c\u8be5\u516c\u53f8\u7684\u8d39\u7528\u589e\u957f\u4e8617%\uff0c\u8fbe\u523012.2\u4ebf\u7f8e\u5143\u3002\u7136\u800c\uff0c\u5176\u51c0\u5229\u606f\u6536\u5165\u4e0b\u964d23.5%\u81f322.4\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u4e86\u5ba2\u6237\u5728\u9ad8\u5229\u7387\u73af\u5883\u4e0b\u914d\u7f6e\u51b3\u7b56\u7684\u5f71\u54cd\u3002\u5609\u4fe1\u7406\u8d22\u7684\u51c0\u65b0\u589e\u8d44\u4ea7\u56e0\u5438\u7eb3\u548c\u8f6c\u6362TD Ameritrade\u8d26\u6237\u800c\u51fa\u73b0\u4e86\u4e00\u4e9b\u635f\u8017\uff0c\u4f46\u8be5\u516c\u53f8\u5bf9\u5176\u589e\u957f\u524d\u666f\u4ecd\u6301\u4e50\u89c2\u6001\u5ea6\u3002\u8be5\u516c\u53f8\u9884\u8ba1\uff0c\u52302024\u5e74\u51c0\u606f\u5dee\u5c06\u53cd\u5f39\uff0c\u52302025\u5e74\u5e95\u5c06\u63a5\u8fd13%\u3002\u5c3d\u7ba1\u9ad8\u5229\u7387\u73af\u5883\u5bf9\u5609\u4fe1\u7406\u8d22\u6709\u5229\uff0c\u4f46\u7531\u4e8e\u5ba2\u6237\u5b58\u6b3e\u4e0b\u964d\uff0c\u8be5\u516c\u53f8\u53ef\u80fd\u5728\u7b2c\u56db\u5b63\u5ea6\u7ef4\u6301\u51c0\u5229\u606f\u6536\u5165\u65b9\u9762\u9762\u4e34\u6301\u7eed\u6311\u6218\u3002\u7136\u800c\uff0c\u8fd9\u79cd\u4e0b\u964d\u53ef\u80fd\u4f1a\u90e8\u5206\u88ab\u516c\u53f8\u524a\u51cf\u6210\u672c\u7684\u63aa\u65bd\u548c\u589e\u52a0\u7684\u8d39\u7528\u6536\u5165\u6240\u62b5\u6d88\u3002<strong>23\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a50\u7f8e\u5143\u81f356\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png\" alt=\"\" class=\"wp-image-15031\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/a><\/figure>\n\n\n","protected":false},"excerpt":{"rendered":"<p>United States | Singapore | Hong Kong | Earnings Salesforce, Inc. (CRM US) Shares closed higher above the 20dEMA. 5dEMA is about to cross the 20dEMA. MACD is positive, RSI is turning constructive. Long \u2013 Entry 206, Target 226, Stop 196 Cloudflare, Inc. (NET US) Shares closed higher above the 5dEMA with constructive volume. 20dEMA [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-34291","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 20dEMA. 5dEMA is about to cross the 20dEMA. MACD is positive, RSI is turning constructive. Long \u2013 Entry 206, Target 226, Stop 196 Cloudflare, Inc. (NET US) Shares closed higher above the 5dEMA with constructive volume. 20dEMA is about to cross\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Keith Tan\"\/>\n\t<meta name=\"keywords\" content=\"technical analysis\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-17-october-2023\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.0.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Technical Analysis \u2013 17 October 2023 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 20dEMA. 5dEMA is about to cross the 20dEMA. MACD is positive, RSI is turning constructive. Long \u2013 Entry 206, Target 226, Stop 196 Cloudflare, Inc. 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