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home / news releases / UMC - EWT: Taiwan Has No Trigger Till Semis Recover (Technical Analysis)


UMC - EWT: Taiwan Has No Trigger Till Semis Recover (Technical Analysis)

Summary

  • The outlook for semiconductors is tepid in 2023, driven by a slowdown in economic activity.
  • With its major exposure to the largest semiconductor industry in the world, the EWT ETF is bound to feel the pressure.
  • Using my Trend Flow, Support/Resistance Location, and False Breakout Traps methodology, I plot a possible path for the EWT price in the coming months.

For further details see:

EWT: Taiwan Has No Trigger Till Semis Recover (Technical Analysis)
Stock Information

Company Name: United Microelectronics Corporation
Stock Symbol: UMC
Market: NYSE
Website: umc.com

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