2024-04-29 15:36:02 ET
Summary
- The latest quarterly report from ASX gave reason for optimism, but also for caution since demand is not recovering as expected.
- ASX is sticking with its prior FY2024 outlook, but it also gave rise to the possibility a downward revision may be needed.
- There are a number of possible clues to be gained by looking at the charts with an existing uptrend, but also the possibility of downside in the short term.
- Sticking with ASX is warranted for several reasons, but being a buyer is arguably not wise at this point.
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ASE Technology Q1: Hold With Caution In Mind