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UMC - EWT: Taiwan Has No Trigger Till Semis Recover (Technical Analysis)
January, 02 2023 12:14 AM
United Microelectronics Corporation
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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