Second leg?
$Kulicke & Soffa Industries(KLIC.US$ Not good closing for the week. Get rejected by the previous upward trend line and also slightly dropped below the recent uptrend line.
The earning for the previous quarter is solid, but imo the guidance is not so cheerful. And the supply chain headwind from $Applied Materials(AMAT.US$ is pressuring up.
I would expect the stock to work on a second leg, maybe around MA 200, for the near term. Had cut half of the position to take some partial profit. However, still bullish in the long term and would add them back when it finds support.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment