Hon Hai Rises to 'Chairman Terry Retirement Price', What's Next? Expert Reveals Two Key Strategies

Reported 8 months ago

On June 17, 2024, Hon Hai (2317) briefly rose to the 'Chairman Terry Retirement Price,' hitting 200 NT dollars per share, sparking speculations about the retirement of Chairman Terry Gou. However, after breaching the 200 NT dollar mark, the stock price consolidated below that level the next day. Experts suggest two key strategies when trading Hon Hai stock: monitoring the daily KD value and ensuring the price does not fall below the five-day moving average for potential upward movement.

Source: YAHOO

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