US Stock In Play: $AMKR (Amkor Technology, Inc)

20 Feb 2021

AMKR retested its 19 years high at $26 during the week, with weekly all time transactional volume observed since its IPO inception in 1998. AMKR closed the Friday session at $23.67 with cumulative gain attained for the month of February 2021 stance at +52.51%. The company provides outsourced semiconductor packaging and test services in the United States and internationally. This includes semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.

At the current junction, AMKR has morphed out a Bullish Flag chart formation, upon its accumulative breakout since 8th February 2021. The further breakout of AMKR beyond its immediate resistance at $26 will likely see intensified infusion of buying pressure onto AMKR for a potential stage 2 parabolic run up to $40.