yousufj56

Decision point coming;

Long
NASDAQ:AMKR   Amkor Technology, Inc
On the weekly, this is a slight descending wedge ; on the daily, it is more slanted of a wedge ; these are both actually good signs that we probably through the worst of the downtrend

It is close to the bounce or fail area though; so i personally expect this to bounce of the blue line (weekly charts support); if it goes below that, then the bottom red line should cause a bounce ( daily charts support);

If both fail (and its not a bear trap by whales) then we can see mid 6's

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.