2317 BREAKDOWN DEMAND AREA we see that 2317 has breakdown demand area, making downside movement to the next support 96.4 and harmonic support 91.4
HHP2 trade ideas
2317 short2317 - D1 at this moment, 2317 on the daily chart is forming sideways trend.
the momentum indicator is pointing down near the oversold area, indicating 2317 will move downwards in several times ahead.
short sell breaking down from the support base area.
HNHPF rising on recoveryThis is my Wild Ass Guess (WAG) for entertainment purposes. (This is not professional investment advice) Price has returned to center of channel, and will hopefully continue to move up.
Target of $5.80 - $6.10
Single-Stock Retirement PlanTaiwanese company Hon Hai/Foxconn, known for playing a major role in assembling Apple’s iPhones but also a bit supplier to most of the world’s gadget makers. Foxconn is the world’s largest contract manufacturer and one of the largest private employers in China (if not the largest), and is one of the largest tech companies in the world (at least on a revenue basis).
It’s a big company, the market cap is just under US$50 billion… so it’s not likely to rise 1,000% over the next decade, and it’s not a small cap rising star just because the share price is fairly low. Hon Hai is the second largest stock in Taiwan, trailing only the massive Taiwan Semiconductor (TSM).
And yes, it’s not particularly difficult to trade the stock in the US — there is an ADR representing the Taiwanese shares for US investors, it trades OTC at HNHPF (sometimes has been HNHPD), with each US OTC share equaling two shares in Taiwan. There are similar depository receipts trading in London at HHPD, also representing two Taiwanese shares each. The overwhelming majority of trading volume is in Taiwan, as you might imagine, so that’s where the “fair” price is set, but the London and NY trading tends to be very close to that price most of the time despite the lower volume.
