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Amkor

Trading Idea - Amkor TechnologyBUY ENTRY: 23.53 USD TARGET: 26.10 USD (+11%) STOP: 22.33 USD 1.) rejection at the uptrend support level. uptrend continuation. 2.) retest of the resistance level expected 3.) For the past year, the analysts have regularly revised their sales expectations for the company upwards. 4.) The company has enjoyed very extensive upward revisions over the past 4 months to its net profit estimate. 5.) During the weekly observation period, the share is in a technical constellation that could cause prices to rise above the support at USD 15.52.
NASDAQ:AMKRLong
by Traderherz-Analytics
US Stock In Play: $AMKR (Amkor Technology, Inc)$AMKR retested its 19 years high at $26 during the week, with weekly all time transactional volume observed since its IPO inception in 1998. $AMKR closed the Friday session at $23.67 with cumulative gain attained for the month of February 2021 stance at +52.51%. The company provides outsourced semiconductor packaging and test services in the United States and internationally. This includes semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services. At the current junction, $AMKR has morphed out a Bullish Flag chart formation, upon its accumulative breakout since 8th February 2021. The further breakout of $AMKR beyond its immediate resistance at $26 will likely see intensified infusion of buying pressure onto $AMKR for a potential stage 2 parabolic run up to $40.
NASDAQ:AMKRLong
by jfsrevg