Trend_Chasin

Interesting Monthly hart for AMKR

Long
NASDAQ:AMKR   AMKOR TECHNOLOGY INC
I just wanted to share this with ya'll. As I was looking at this chart I noticed the huge rounding bottom dating back to 2003. I ran the Trend Based Fib Extension up the initial trend and back down the retracement, and I just thought it was neat and interesting how well price has respected those 1st Fib levels for the last 20 years almost. They had an awesome year fundamentally, I'm guessing the profited off the chip shortage, and has finally broken out of the massive base. I'm long with a price target of the top fib level longer term or the .618 intermediate. Thanks for checking out my chart. Let me know your thoughts in the comments below. Much love everybody

Comments

what about the short term? im holding some calls atm
Reply
Trend_Chasin cwong1107
@cwong1107, Keep an eye on the volume. Light volume on a small pullback, no problem. Heavy volume on pullbacks could signal a contraction. The trend is looking good though
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out