Reported 7 months ago
Apple concept stocks led the way as Taiwan stocks rose by another 100 points this morning, reaching 21,900 points and challenging the 22,000 mark. Senior securities analyst Lu Hanwei noted that Apple concept stocks were playing a leading role as the main index, and with the upcoming US Federal Reserve and Taiwan Central Bank interest rate meetings tomorrow, the market sentiment is cautious, resulting in a somewhat 'stagnant rise.' The current technical situation of Taiwan stocks appears to form a minor M-head pattern, and crossing the 22,000 mark is crucial as it marks a turning point for bulls and bears. Lu advised investors to consider day trading, options trading, or to wait patiently for tomorrow's results. Overall, he sees only Apple concept stocks likely to perform well due to Apple's advancements in AI technology and recent market performance.
Source: YAHOO