UTAC - Blue Line Theory For The New Blue Chip?

Comfy, from a technical point of view, the indictors are positive and more upside should be in line.

1.) Fibo Retracement touches 50% and bounce off it.
2.) MACD - shallower valley and oscillator will have a golden cross in the next 2 days if price action remains positive
3.) RSI - Bouncing off the 30% mark
4.) STO - Golden Cross
5.) If you include Decipher's blue line theory and UTAC test 98 cents, you might see new high very soon.

From a FA point of view

Being upgrade to be a blue chip is very good news, if you look at the counter that are "upgraded" to be a blue chip, they usually go up (recent would be Noble, StarHub, Cosco)

As Tech is back in trend, you can see a industry upgrade for many tech stocks. StatsChipPAC just reaffirm their guidance. HDD sector enjoying more good times (Jur Tech and Magnecomp)

Barring unforseen circumstances, it is my view that UTAC will be postive tomorrow and could test 98 cents in days to weeks. Buyers Beware.

I am personally not vested in this counter.