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On the weekly, this is a slight descending wedge; on the daily, it is more slanted of a wedge; these are both actually good signs that we probably through the worst of the downtrend
It is close to the bounce or fail area though; so i personally expect this to bounce of the blue line (weekly charts support); if it goes below that, then the bottom red line should ...
Short setup on the daily if breaks the trend line, I would look at a lower time frame (1Hour) for a flag for a better risk: reward entry,
Overall AMKOR is in a 5 wave corrective structure which should follow with another impulse in the near future, I will update the chart setups as we go along with the trade.
After two unsuccessful attempts to surpass the old high at approx. $12.50, initially, a stronger sell-off until under the 200 SMA took place. After a further recovery, the next sell-off immediately took place with considerably higher volume, whereby even the lows from slightly further back were also significantly undercut. This was, at the same time, also ...
Giving the semi conductor index is overly bought and due for a big correction. I think this is where AMKR is heading.
going down with SOX being overly bought.
Amkor-Technology-is a provider of outsourced semiconductor packaging and test services. Their packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services.
The current ...
Industry: Semiconductor - Integrated Circuits
EPS due date: Apr 26, 2017, just passed.
Horizontal S&R: yes
Channel S&R: yes
MA S&R: yes
Volume Confirmation: huge on earnings day
Candle Confirmation: no, appears to make mini double bottom
Stoch Divergence: yes
Reg Trendline >85: 88
Price tested W1 DZ, w8ting for good entry, 1st TP = 1st MN SZ, 2nd TP=2nd MN SZ
There is a rising star in Amkor. Could this have a lot to do with Trump and his drive for made in A. America? I don't know much about the stock but the operators know something I don't.
Bull flag breakout pending.
Stop - 9.36
Target - 10
First pullback to the 50 and 200 sma. and price holding within the fib zone. Stoch and Osc looking ok.
Will enter if price can consolidate some more below the regression trendline and the falling 20ma, before breaking out.
As always looking at hourly chart for entry.
When AMKR was way oversold two weeks ago, it seems like the red downtrend channel was about to be defied.
Two scenarios can happen if such price action happens.
1. Price will be searching for a new channel (potential light purple channel)
2. Price creeps back to red channel bottom where it broke down.
with earnings to be reported in 4 days, if the released ...
Just exited all short positions last friday.
Price broke down of channel bottom. Hoping to do some short-term long scalp.
CHANNEL - my number 1 pattern
In conjunction with my previous SMH (semiconductor ETF) which shown sign of oversold, there you are
the price reached my target. I just took my profits because target is reached.
Whether the price will plunge or not, so be it.
Although the MACD & histogram are not fully form, i take the bullish divergence as a warning.
Following my earlier post on AMKR, it has broke down of the bear flag continuation patten.
Stan Weinstein's stage analysis shown that AMKR is engaging in Stage 2 downtrend.
1st profit target is around 8.63, failing to do that, it will plunge all the way to the channel support of 7.33 which coincide with the breakaway uptrend GAP back in May.
Stay in short, the ...
AMKR kicked off its exponential move in mid Feb, had a one month consolidation in Apr-May and after broke out from 7.50 with 3x the volume, it has sky rocketed all the way to 12 plus.
Until a textbook "Evening Star" issued a stern warning at the top. Technically, a tick below the red bar was enough to trigger "Short signal. However, it gapped down from the open, ...