Bought Amkor Technology Inc. because its recent price action over the past few days resembles Strategy 2. After rising on earnings and pulling back, it is now showing upward momentum again.
Positives
- Price is above the 10, 20, 50, and 200 moving averages
- It broke through a resistance zone.
Negatives
- The stock price has broken out, but there has been no corresponding increase in trading volume.
- There is another resistance zone overhead.
- MACD is in negative territory
- RSI is above 70
Trade Plan
- Stop loss: Intraday low
- Target: $92.08
