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Saturday, June 7, 2014

STATS CHIPPAC

STATS CHIPPAC - 8th June 2014 - Stats ChipPac had a nice gap-up on 16th May 2014 and closed well at 46 cents. A second bullish gap-up followed through on 19th May and closed very well at 52.5 cents. The volume was super high and this is generally very positive.On 4th June 2014 it had again broken out with a super long white thrust-bar and closed super well at 61.5 cents.It had continued to close higher at 64.5 cents on 6th June 2014. Would be good to see it pause/retreat a little from here before heading up to trend new high towards 70 cents then 75 cents.(trade base on your own decision)

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