AMKR is a long term for me AMKR is showing a really strong upward trend on the daily and weekly chart. Today it has broken its daily resistance $24.92 - $25.74. I'm looking for a continuation of this uptrend. This will be a good Leap for me.
Amkr_long
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.
$AMKR Is A Breakout Play Above $10Above $10 in $AMKR and we should see a quick move to $10.50 to $11.50 a share.
Above all-time highs of $12.50 and the sky is the limit.
$AMKR President bought almost $1m worth of stock in last 12 months.
Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services. Its packages employ wirebond, flip chip, copper clip, and other interconnect technologies. The company also provides semiconductor testing services, such as wafer and final test services; flip chip scale package products for use in smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory, and as applications processors in mobile devices; and flip chip ball grid array products for various networking, storage, computing, and consumer applications. In addition, it offers wafer-level CSP packages used in power management, transceivers, sensors, wireless charging, codecs, and specialty silicon; Wafer-level fan-out packages used in ICs; and silicon wafer integrated fan-out technology that replaces a laminate substrate with a thinner structure. Further, the company provides lead frame packages that are used in electronic devices for low to medium pin count applications; substrate-based wirebond packages, which are used to connect a die to a substrate; micro-electro-mechanical systems (MEMS) packages that are miniaturized mechanical and electro-mechanical devices; and advanced system-in-package modules, which are used in radio frequency and front end modules, basebands, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid state drives. It primarily serves integrated device manufacturers, fabless semiconductor companies, and contract foundries. Amkor Technology, Inc. was founded in 1968 and is headquartered in Tempe, Arizona.
As always, trade with caution and use protective stops.
Good luck to all!
AMKR - potential longPrice tested W1 DZ, w8ting for good entry, 1st TP = 1st MN SZ, 2nd TP=2nd MN SZ
