United 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...
On 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!
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%.
Based 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 $7.95 during today's session.
Trendline break
Entry 11.3
Stop 10.5
Target 13.5, 17
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NYSE:UMC Refer to the EPRAF indicator, the green line crosses the red line. this is a good sign for a new phase of the uptrend. By crossing the new MACD and the stochastic level above 60, UMC will fly to a break of 9.8 and will fly to 11.19.
NYSE:UMC
Possible Scenario: LONG
Evidence: Price Action
Call options, Strike 12.5$, 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...
![UMC: 6/4/2022 NYSE [UMC]](https://s3.tradingview.com/q/qlwgaATB_mid.png "6/4/2022 NYSE [UMC]")
