UMC Ready For a Breakout ? UMC is showing higher and higher levels of support with a strong upwards bias. It is now again testing the resistance area. A breakout above this area may be imminent. BCBA:TSMC is its major competitor (by a long shot) and is in similar industry group. by caljosh1115
United Micro Electronics unveils cost-effective 5G chipsUnited Micro Electronics has recently launched an innovative line of miniaturised, yet economical 5G chips, aiming to penetrate various markets including Internet of Things (IoT) devices, consumer electronics, automotive sectors, and data centres. This initiative is founded on UMC's novel RFSOI (Radio Frequency Silicon on Insulator) platform. The new chip design has achieved a significant reduction in size by more than 45% for a 55-nanometre chip used in 5G applications. This size reduction allows for more chips to be placed on a single wafer, significantly cutting costs without compromising on critical specifications such as the number of supported frequencies and data rates. This development underscores United Micro Electronics' competitive edge in the semiconductor industry. Exploring investment opportunities, here is the technical analysis for United Micro Electronics ADR (NYSE: UMC): In the Daily (D1) timeframe, the stock shows resistance at 8.30 USD and support at 7.40 USD. Currently, the stock is in a global downtrend, but it is noteworthy that the low from mid-October 2022 has not been surpassed, suggesting a potential shift towards an uptrend. For this transition to be confirmed, the stock needs to break through and sustain above the current resistance level. If the downtrend persists, the next price target could be around 6.80 USD. On a rebound from the resistance level at 8.30 USD, you can consider buying with a short-term target at 9.60 USD. In the medium term, the target for holding a long position is 11.80 USD. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets2
UMC $9 Calls for FebLong, Breaking out in the weekly chart and Feb $9 calls being opened. Longby Simon19881
Cup and handle pattern on UMCNYSE:UMC Long to target 9.1~9.22 area with stop daily close below 20 MA.Longby ChartoholicUpdated 0
2303: Buy ideaOn 2303 as you see on the chart we have a buy idea because we have the breakout of vwap and also we have two springs effects on vwap so it's mean that we will have a big probability to have an uptrend.Thanks!Longby PAZINI195
$UMC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $UMC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%. Longby EPSMomentum0
Short scalp $UMCBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $UMC breaches yesterday's low of $7.95 during today's session.Shortby MrHalfPercent110
UMC long potentialMarket is forming 1 to 5 Elliot wave which we are expecting to finish at 4.67 zone and reverse. Entry: 4.67 Invalidation: 3.31 Target: 9.5Longby vf_investment1
UMC 5-6$ Buy setupUMC is starting a bearish trend targeted around 5-6$. Holders will be able to buy at a nice price. Longby plawa171
UMC LongTrendline break Entry 11.3 Stop 10.5 Target 13.5, 17 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.Longby PlanTradePlanMMUpdated 4
UMCNew 52 week high. ATH back in 2000 at the IPO was 12.67. Get through that and this is going much higher imo.Longby Essendy0
UMC started climbing?NYSE:UMC Refer to the EPRAF indicator, the green line crosses the red line. this is a good sign for a new phase of the uptrend. By crossing the new MACD and the stochastic level above 60, UMC will fly to a break of 9.8 and will fly to 11.19.by DrRafidah114
Long | UMCNYSE:UMC Possible Scenario: LONG Evidence: Price Action Call options, Strike 12.5$, 06/18/21 I see 2 different scenarios: a- it hits the target Monday. then the position will be close b- it will fall to buy-zone and then after consolidation for some days, it will goes to price targets, I prefer this one, because I can build up my position, I'll open Tier 1 size position early morning based on pre market price action This is my idea and could be wrong 100%,Longby shksprUpdated 0
UMC LongA lone pattern just sitting here lol.... Easy trade here may take some time, but looks basic and straight forward shark pattern here. Will monitor but long at 10.55. Not much to say. Just saw it on the radar and mapped a couple of items.. looks good may be some chop soon, but lets see how it works out. Longby Moorsc0deUpdated 2
UMC swing trade, possibly retesting $10 march 3/4abcd pattern, rsi only 32, under 10 and 50 ema. it shall go BRRRRRRRRRRRRR tomorrow :D i am buying today and looking to exit tomorrow. i think it will continue bear trend after thisLongby cgursk05Updated 333
UMC - Long - Possible Wedge BreakoutPossible wedge breakout. Retest 10.13/10.66-new support levels PT Range 11.00-12.00 9.50 Entry Options buy - Feb 19 2021, $10 Call United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor (CMOS) logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits (ICs), and complementary metal-oxide semiconductor image sensors. The company was founded on May 22, 1980 and is headquartered in Hsinchu, Taiwan. Longby howtostoptime3
UMC: Ascending triangle, awaiting confirmationAscending Triangle, May confirm tomorrow Pros: Descending volume during formation Volume at break out PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 7 250RSI above 50 200MA ascending If confirmed: PT = 12.61$ Longby LeLaf5
us stock UMCthis stock has been so bullish recently, and it shows some pullback entry today.Longby TanYuKim2