ACMR - Bullish Pennant Forming - Prime to Breakout

Prime to break out of bullish pennant forming

ACM Research is a cutting-edge semiconductor company. It makes a new wafer cleaning
technology that effectively removes small defects on semiconductors. Its technology is
becoming a must-have in today’s digital world.
You see, semiconductors no longer just go into computers. They’re now in everything.
According to IHS Markit, the number of Internet of Things (IoT) devices will grow from 27
billion worldwide in 2017 to 73 billion by 2025!
To meet this explosive demand, semiconductors are getting smaller and smaller. In fact,
the number of transistors on a chip has increased 50-fold since 2005.
As a result, the tiniest defect on a chip can ruin its effectiveness. And old solutions simply
aren’t good enough to treat these defects. That’s where ACM Research comes in…
ACMR is a true innovator. Its proprietary Smart Megasonix technology can address defects
on small chips better that conventional processes ever can. The company holds over 140
patents worldwide.

Comment:

Price has also risen above all MAs

Comment:

Bounced right above the pennant :)