Reported 5 months ago
YungShin Construction (5508) hit another all-time high price at NT$264 on July 17th, following a surge in buying by institutional investors that locked the price on the limit up for the entire trading day. The stock had consolidated after reaching a high on July 2nd but started rallying again around July 10th, breaking through previous highs and maintaining a bullish trend. As long as the stock remains around NT$250 and above, the short-term moving averages are expected to provide support, with the 5-day moving average serving as a key indicator for the stock's strength.
Source: YAHOO