Hot Stock - NTK Surges, Technicals Turn Bullish

Reported about 1 year ago

NTK (6230) stock price surged ahead, briefly crossing the $400 milestone, despite recent pullbacks. On June 14, another limit-up was hit, overcoming short-term resistance and moving above all moving averages, indicating a bullish reversal. NTK's Q1 revenue and profit declined due to fewer working days and reduced shipments of gaming applications, with a 40% and 53% drop compared to the same period last year. However, Q2 revenue is expected to rise as May revenue continues to improve. More reports on overseas trading, record 4 trillion in November brokerage orders, and a projected 3% decrease in TV panel shipments next year are covered by Commercial Times.

Source: YAHOO

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