Popular Stock - Evertrust Development Hits Historic Closing High

Reported about 1 year ago

On July 1, 2024, at 4:10 pm, Evertrust Development (5508) reached a historic closing high of 235.5 yuan with the support of its performance. The company saw a net purchase of 1,288 shares by the three major institutional investors on the first day, quickly hitting the daily limit-up price within an hour of the market opening. The stock's price broke through the previous high of 231 yuan on May 6, after consolidating between 190 and 216 yuan and forming a bullish pattern with a strong volume of 4,085 shares traded on the breakthrough day. If the stock price does not reverse in the short term, this successful turnover can be seen as the initial judgment of the previous peak. Additionally, Taiwan’s printed circuit board output is estimated to exceed 800 billion, and Micron's early trading surged over 9% with positive signs in the memory chip sector.

Source: YAHOO

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