The USD 6.6 support, currently tested, should allow Amkor Technology to rally again.
From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales of 0.82 expected for the current year.
The analysts following the stock have, in average, a target price at USD 8.8, offering a 28% potential.
The security follows a downward trend in the short term, under the USD 7.56 resistance area. In the mid-term, the trend is neutral. Amkor Technology is not likely to continue its downtrend because it is near the strong USD 6.61 and is oversold.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Amkor Technology with a good timing. The first objective is on the USD 7.5 resistance, i.e. a potential gain of 10%. Investors might place a stop loss order at USD 6.45 in order to avoid important losses.
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. 
