Amkor Technology: A Swing At Semiconductors (Technical Analysis)

Magdalena Pacholska
863 Followers

Summary

  • Amkor is benefitting from the hot streak of the semiconductors industry.
  • Long-term set up seems to be recovering before an uptrend.
  • The current upswing might come to end and bring a correction but with a chance for a new short-term trading opportunity.

Engineer working on laptop in plastic recycling factory

ferrantraite

Top-Down Selection

Semiconductors manufacturers and related equipment and materials companies have been amongst those industries with the highest price performance in the last week and month. According to Finviz, the 1-week return of the Semiconductor Equipment & Materials group was 20.22%, while

This article was written by

863 Followers
I am investing in various styles to achieve diversification and exploit sector rotation, mixing value and disruption. I love back-testing! Passed CFA Level II. Graduate MA Finance ICHEC Brussels Management School & MA Politics Warsaw University. IRL, a UK-based expert in the area of skills, innovation and technology transfer. Views are mine, not employer`s.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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