WASHINGTON/SAN FRANCISCO/TAIPEI (June 13): China's semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington.
Chinese orders for chip-manufacturing equipment from overseas suppliers rose 58% in 2021, making it the biggest market for those products for a second year running, according to data provided by industry body Semi.
KUALA LUMPUR (Nov 14): RHB Retail Research said JF Technology Bhd is eyeing a bullish reversal as it was poised for a breakout above the 66 sen level last Friday, after bouncing off the 21-day average line and hitting that spot, on higher trading volume.
In a trading stocks note today, the research house said that if a breakout above that level happens – forming a “higher high” bullish structure above the average line, it expects the bulls to push the stock towards 75.5 sen or Sept 13’s high, followed by Aug 15’s high of 82 sen.
“Conversely, the bullish momentum may be reversed if it drops below the strong support of 61.5 sen, forming a “lower low” bearish structure below the average line,” it said.
Resistance breakout at 0.76 with a high volume which is a good sign. Price above the 20 & 50 Moving Average. Price reversed and now in uptrend. Resistance levels 0.81 Support 0.72 Follow for more technical outlook.
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https://www.theedgemarkets.com/article/wang-mei-ling-resigns-jf-techs-executive-director-relinquishes-role-group-cfo