NYSE:UMC   United Microelectronics Corporation (NEW)
There is a lot of volume moving into this foundry play on the toshiba news. pink indicates gap channels support/ resistance along the way. Likely to see some consolidation here until we get more news, perhaps a easy move to $12 for ER. Personally I am eyeing an entry in this at $7.66, thoughts? NOT advice just what I see!
Comment: watch the pink dot, holding here. was previous major resistance, could become new support


it's in consolidation mode, I will hold and not take a position. also let's see how BIDEN mgmt. response to China.
+1 Reply
I initiated a position at $8.11. I like where it can go, obviously TSMC is #1 fab but many will be needed to produce all things 5g
chris.f.hedberg chris.f.hedberg
@chris.f.hedberg side note, check out $ATOMERA
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