- ACM Research got hit hard by COVID-19 lockdowns in Q1, although it is confident the damage can be repaired in subsequent quarters.
- ACMR held up fairly well until two forces combined to take down the stock, a situation the charts suggest is likely to continue.
- The company used to trade at lofty valuations once upon a time, but it now trades at multiples that are far more reasonable than in the past.
- ACMR could soar higher with the current setup, but only if it manages to solve the issues that are giving it problems.
For further details see:
ACM Research Is Stuck In A Downtrend