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ASX - ASE Technology Q1: Hold With Caution In Mind
ASE Technology Holding Co. Ltd. American Depositary Shares
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.