CColeTrading

SIMO setup to continue its climb up the Median Line

NASDAQ:SIMO   SILICON MOTION TECHNOLOGY CORP
19 0 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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