Reported about 1 year ago
Altek Technology (6546), a wireless communication module design company, saw its stock price retreat from around 172 yuan in mid-June. After falling below the quarterly line, the stock completed a bottom on the quarterly line to half-year line. On the 8th, the stock price strengthened and closed at the limit-up price of 155.5 yuan, rebounding above the quarterly line, monthly line, and 10-day moving average, reversing the technical trend. If the stock price can stay above 153 yuan on the monthly line, there is a chance to challenge the previous high. Altek actively expands its product line layout this year amid the sluggish networking market, focusing on non-consumer markets such as automotive, medical, and industrial controls. It is expected that its efforts in automotive business, including intelligent cabins, charging piles, and driver monitoring systems, will boost its operations next year.
Source: YAHOO