GFS - United Microelectronics Could Be Back On The Move

• United Microelectronics shot to new highs in terms of the top and the bottom line in Q3, but the same could not be said of the stock.
• The stock has stalled for most of 2021, but that could be changing with the charts in the early stages of forming a bullish pattern.
• United Microelectronics trades at much lower multiples than competitors, despite having advantages in several areas, a situation not likely to continue indefinitely.
• Some may wonder whether United Microelectronics is worth it, but there are good reasons why long UMC is warranted.

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