Reported 8 months ago
On June 19, 2024, at 4:10 pm, New Victory (4909) continued its upward trend in the market with the support of its 5G antenna operation dynamics, hitting the limit up again on the 19th, closing at 103 yuan, marking a new high in 17 years. Currently, not only has the upper resistance been surpassed, but also the technical indicators have all crossed above the moving averages. Both daily and weekly KDs are showing upward crossovers, and the technical indicators are not overheated, favorable for future challenges to the historical high of 105 yuan. New Victory's products include high-frequency microwave communication substrates, high-efficiency heat dissipation substrates, special composite material substrates, and special automotive substrates. Communication antennas account for more than 70% of revenue, driven by the increased demand for 5G base stations and satellite communication products last year. The operation is expected to continue positively this year.
Source: YAHOO