ASX - ASE Technology Holding: May Be Due For A Bigger Correction

2024-02-04 08:02:30 ET

Summary

• ASX released its latest report on February 1, which had some positive things to say, but also some less than positive things worth mentioning.
• FY2023 was a down year for ASX with both the top and the bottom line shrinking, but the FY204 outlook sees change coming this year.
• The charts have a number of interesting things worth noting, which could provide clues as to how to position oneself in the near term.
• Long ASX makes sense if viewed from a long-term perspective, but in the short term, it is a more dicey proposition.

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