Maybank Investment Bank's Daily Technical Analysis | 18 Nov 2024

This week, the SPX Index may test the 30-day SMA (currently at 5,842) and possibly even the 50-day SMA (5,772). The correction from the recent high of 6,017.31 will likely be extended as the RSI indictor is still heading south. Still, Nvidia Corp, which is set to announce its results this week, could guide the market on its next path.
Join Maybank Investment Bank's Head of Retail Research, Tee Sze Chiah as he shares his views on some new KLCI stock trading ideas.
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