- SIMO has found itself in rough waters, a year after it could do no wrong with the stock and growth reaching new highs.
- The stock has yet to break out from the downtrend, but it has a number of cards in its favor, including valuations.
- While the stock is facing resistance on the way up, it has also found a level of support that the charts suggest should be formidable.
- Long SIMO is faced with elevated levels of risk for various reasons, but it’s still the way to go all things considered.
For further details see:
Silicon Motion Technology Could Be Close To Turning A Corner