Amkor Technology is coming back upon contact with important technical level that might give impetus to a rebound.
The company is one of the best ranked company in the US, thanks to Surperformance ratings for a trading and an investment strategy.
Technically, the security is in a consolidation area limited by the significant USD 6.3 support and the USD 7.06 resistance. Above the lower limit, investors could aim a rebound toward the upper limit of this range. The USD 6.3 area has been tested many times and the result was every-time a rebound in prices.
As a result, active investors can take immediately a long trade in Amkor Technology thanks to the close proximity of the USD 6.3 support area. The target price will be the USD 7.06 and in case of breakout of this level, the second target price would be USD 7.56. If there is a breakdown of the USD 6.26 support, investors should close their positions.
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company is engaged in the outsourcing of semiconductor packaging and test services. It designs and develops packaging and test technologies focused on advanced packaging solutions, including artificial intelligence. Its packaging and test services are designed to meet application and chip-specific requirements, including: the required type of interconnect technology; size; thickness; and electrical, mechanical, and thermal performance. It provides turnkey packaging and test services including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test and drop shipment services. The Company offers services to integrated device manufacturers (IDMs), fabless semiconductor companies, original equipment manufacturers (OEMs) and contract foundries. It allows IDMs to outsource packaging and test services and focus their investments.
AMKOR TECHNOLOGY, INC. 
