ACMR - ACM Research Is Forging Ahead Even If It Is Not Quite There Yet

• ACMR made itself more appealing when it posted the final numbers for FY2021, a year for the record books.
• Multiples have gone down, thanks in part to a recent IPO, but ACMR may still be too expensive with cheaper options out there.
• The charts appear to have formed a descending triangle, which suggests the stock is more likely to be heading down than up.
• Long ACMR may be warranted at some point, but not now with the way the cards are laid out at the moment.

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