EWT: Taiwan Has No Trigger Till Semis Recover (Archive)
Semiconductor softness keeps Taiwan’s equity rally on hold, leaving EWT a watchlist candidate.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- The outlook for semiconductors is tepid in 2023, driven by a slowdown in economic activity.
- With its major exposure to the largest semiconductor industry in the world, the EWT ETF is bound to feel the pressure.
- Using my Trend Flow, Support/Resistance Location, and False Breakout Traps methodology, I plot a possible path for the EWT price in the coming months.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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