Company Info :
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. Founded 1986
Chart Analysis
This is a daily demand nested zone in a monthly demand zone, price has rallied .
Conc:
This is a long wait trade. will be need to be patient as the zone is way low
Prop:
a good setup
cheap stock
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.
Review
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...
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...
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.
Daily Chart
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...
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...
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company's 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, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, system-level, and final test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. The Company offers a range of advanced and mainstream packaging and test services. The Company's mainstream packages include leadframe packages, substrate-based wirebond packages and micro-electro-mechanical systems packages.
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AMKR
