CColeTrading

SIMO setup to continue its climb up the Median Line

NASDAQ:SIMO   Silicon Motion Technology Corporation
2
High growth potential and a healthy financial position make SIMO an attractive investment opportunity. On the chart, SIMO has been following this Median Line since the beginning of 2016 and is currently testing the sliding parallel off the lower line. Is this Median Line exhausted at this point or will it continue to hold? With a fundamentally strong company like SIMO , my bet is on the latter.

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