Amkor Technology (AMKR: NASDAQ)

Amkor Technology (AMKR), a global semiconductor packaging and test service provider, has recently secured its position in the PHLX Semiconductor Sector Index (SOX), marking its presence among the 30 largest US-listed semiconductor companies. With an optimistic outlook, AMKR’s management anticipates third-quarter sales to approach all-time highs, reaching approximately $1.775 billion at the midpoint of guidance, reflecting a significant 22% increase over the previous quarter.

The company has demonstrated steady progress on its balance sheet, reporting a favorable shift with more cash and short-term investments (totaling $1.2 billion) than total debt ($1.13 billion) as of July 2023. With these positive developments, the bullish stance on AMKR is maintained above $24.00-$25.00, targeting an upside potential of $40.00-$42.00.

GOLD (XAUUSD)

Gold investors may face a challenging scenario as whispers of a potential bearish correction circulate, threatening to impact the precious metal’s recent highs. Analysts caution that a short-term dip could be on the horizon, with the possibility of prices dropping to levels reminiscent of 2007 or even 1977.

Bearish Sentiment: Analysts are signaling a bearish sentiment, suggesting a short-term correction in gold prices.

Uncertain Extent and Timing: The extent and timing of the potential correction remain uncertain, adding an element of unpredictability to the market outlook.

2007 and 1977 Levels: The mentioned levels of 2007 and 1977 are cited as potential targets if the bearish scenario materializes.

Near (NEARUSDT)

An analysis of NEAR Protocol (NEAR) suggests a potential spot long trade opportunity, emphasizing support, resistance, and risk management for strategic decision-making.

Entry Zone: The proposed entry zone for the spot long trade is between $2.17 – $2.27.

Take Profit (TP): The Take Profit (TP) level is set at the next area of resistance, ranging from $2.60 – $2.75.

Stop Loss (SL): Risk management involves setting the Stop Loss (SL) below both the range low support of $2.17 and the ascending support line, approximately at $2.05.

Polkadot (DOTUSDT)

An analysis of Polkadot (DOT) highlights a potential spot long trade opportunity, emphasizing range support, resistance, and risk management for strategic decision-making.

Range Support: DOT is noted to be at the $7.24 top of the range support, providing a potential entry point.

Take Profits (TP): The proposed Take Profits (TP) level is set at the next resistance area of $8.00 – $8.50.

Stop Loss (SL): Risk management includes setting the Stop Loss (SL) just below the bottom of the range low support at $6.85.