Reported 8 months ago
Yong-Zhi (6683) Semiconductor, a popular stock, has seen its stock price surge since early June from 300 to 405 yuan on June 24th, marking a new short-term high. Technical indicators suggest a positive outlook with the KD indicator turning slightly bullish and the MACD indicator maintaining an uptrend. With semiconductor market inventory depletion expected to end and the company expanding its overseas presence and production capacity, analysts predict double-digit revenue growth this year. Market watchers anticipate a possible challenge to historical high stock prices at 415 yuan in the second half of the year.
Source: YAHOO