- The Q3 report was better than expected and there are several reasons why even better numbers are in the pipeline.
- The stock has struggled recently after peaking with a gain of 35% in 2021, surrendering a large portion of its YTD gains in the process.
- The chart patterns suggest a move higher is more likely than a move lower, especially with multiples where they are.
- While PLAB is not without risks due to U.S-China tensions, fundamentals, valuations and charts argue in favor of the bull case.
For further details see:
Photronics May Be Priming Itself For A Rebound