ASX has been on a roll for the last nine weeks. If it can take out the resistance at 9.62 (The all-time high), then then this might go up much higher.
The VanEck Semiconductor ETF SMH has been in a nice uptrend, making the semiconductor sector an attractive market. Also, ASX has a good dividend - a good bonus for long-term holders.
The PEAD projected a Bullish outlook for $ASX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 88.89%.
The PEAD projected a Bullish outlook for $ASX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 87.5%.
On the daily chart, it looks like ASX has successfully bounced back from the support line.
It should be able to reach $9.62, the previous height (15%-20% gain), within a month.
I am putting 10% of my fund into this stock.
The stop loss is around the $7.66, the previous low.
This is just my personal view on this stock, and it does not intend to provide any...
The 9ema is crossing the 20ema and the price managed to close above the 50sma and above the .50 fibonacci level on Friday. The close is also in very close proximity to the POC line (YTD).
With the MACD crossing I think this is set to move higher.
1st target $8.07
2nd target $9
NYSE:ASX is showing some muscles and is ready to breakout. Long the breakout at 5.7$ to target 7.24$, 7.49$ and 8$. Stop level around 5.1$
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
This is a follow up from May 8 post (link below).
Still looks positive to me. Near term target box given. But if goes above the recent high of 5.7 then a move to 7 seems possible. Process your way.
This is a semiconductor company in Taiwan as is TSM which I also posted and has rocked up to the suspected target. Hope hope some of you profited from that.
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Shares of ASE Technology (NYSE:ASX) are rising to test the highs set in April and in the summer of 2018. The stock was recently upgraded by analysts at Goldman Sachs and Macquarie. The company provides a variety of packaging and testing services out of its headquarters in Taiwan. Watch for a breakout to the highs set in early 2018 which would be worth a rise of...
This stock has a 40% up potential. It has been hammered- and it has recently had good earnings. This stock should move back up . Has been trading in a sideways pattern for a while and has crashed back to the support line.
ASX
As the 2 days moving average is crossing the 19 days moving average, which shows it's good timing to catch the momentum.
Moreover, when we look into the regression with 1.96 S.D., that's represent the 95% confidence interval.
Which the current price is suitable to go in.
My target: $7
Profit taking: when 2 days moving average is falling below the 19...
ASX has been Bullish with the last month. EMA(9) is above EMA(20)(50) and (200). Price has consolidated back into the Bollinger bands and price has bounced off EMA(50) resulting in price crossing over EMA(9) as of today. Volume is still considerable high. There does appear to be a resistance line, illustrated by the triangle. Breaking thru this resistance should...
Portfolio Manager Patrik talks
Next trade = to open short at 6,40 USD /STOPLOSS 6,54 USD = 2,2% TARGET PROFIT 5,45% = 14,77%/
BE at price 6 USD >> 65 %
Early sign of recovery of down trend as it breaks a 3 time resistance line but requires to proves its up tend strength by breaking the strong bearish trend line
No entry point due to movement are at high point at the moment
