Reported 8 months ago
The Taiwan stock market halted its three-day rally on June 21, closing at 23,253.39 points. Despite the short-term excess, a moderate correction is seen as beneficial for the continuation of the bullish trend. Fifteen stocks, including Evergreen Marine (2618) and AU Optronics (3481), showed opening lows and received increased holdings from major institutions on the 21st. With positive technical indicators like the KD index and successful turnover of bullish chips, buying interest is evident and stock prices are expected to strengthen. Various experts suggest that recent market movements are normal and advise monitoring sectors for any diverging strengths. Several stocks like Evergreen Marine, AU Optronics, MediaTek, China Airlines, and TSMC closed higher on the 21st and received increased buying demand from major institutions, positioning them well in the market.
Source: YAHOO