Reported 8 months ago
HuaTai (2329) saw its stock price consolidating between 58 to 63 yuan for the past two months, but recent boost from the AI server sector has strengthened the stock price again, reaching a high of 65.3 yuan on 21st. Despite closing at 62.7 yuan, the stock has successfully regained its seasonal line, with only the semi-annual line at 63.28 yuan as resistance. If the stock can break through the semi-annual line with volume support, it is likely to be driven by bullish momentum. HuaTai's IC testing business mainly focuses on NAND Flash testing, with major clients including Kingston and Quanta. The market is optimistic about the company's performance this year, especially with the expected global memory market recovery and the impact of COVID-19 on the semiconductor and automotive industries.
Source: YAHOO