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Posted by
Two Blokes Jul 21 -
Filed in
Stock
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ChipMOS TECHNOLOGIES has been looking for directions lately, but a catalyst may not be so far away, which could send it lower or, alternatively, higher. The charts suggest the stock has been retracing prior moves, but it likely needs a catalyst to get past what is likely to be resistance. Long IMOS has arguments in its favor, which include dividend payouts and valuations that are on the low side, if not undervalued.
