KLIC - Kulicke and Soffa Industries: The Drivers Behind The Mixed Messaging
2024-06-20 08:24:01 ET
Summary
- Kulicke and Soffa Industries continues to feel the effects of a downturn in demand, which is likely to result in the first yearly loss since FY2009.
- The charts suggest to expect more consolidation in the stock, with both support and resistance able to stand their ground.
- The downturn has been very persistent and there may be several factors that could help explain why this is happening.
- KLIC is still searching for a solution to the slump in demand, even if past history suggests the solution can appear rather suddenly.
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Kulicke and Soffa Industries: The Drivers Behind The Mixed Messaging