Reported 6 months ago
Tainan (1473) has shown continuous growth in operations since the beginning of the year, with profits in the first quarter exceeding market expectations. Institutional and investment buyers have been buying on dips, causing the stock price to soar to a new high of 55 NT dollars at the close on the 7th after hitting the limit up shortly after opening, the highest in over a decade. Short-term moving averages are trending upwards, and the stock price has been steadily rising above the weekly trend over the past ten trading days. With strong momentum in the short to medium term and increasing volume steadily, various short-term technical indicators remain bullish, indicating further upside potential. However, caution is advised against any divergence between price and volume which may lead to profit-taking pressure in the short term. Accumulated consolidated revenue for the first five months increased by 27.98% year-on-year; with the industry's economy picking up, market expectations for the second half's operations are high.
Source: YAHOO