Star Stock: UTAC at the cross road!

Immediate Resistance: 0.955/0.965

Immeidate Support: 0.95

Thanks to the positive motivation of "Big Brother" Chartered, UTAC has finally shown some sign of life in the last few trading sessions. On 4th April Tues, UTAC ended the day with a Doji. Therefore, the performance of the next trading day can determine the short term movement of this stock. If the stock can break the resistance of 0.955 and 0.965 ( previous high) tmr, it will test the pyschological barrier of $1 soon. At the point of writing the article, Nasdaq is up, Chartered is up 0.23 at 10.28. As a result, it is highly likely UTAC is going up tmr. Recommend a buy at current price with a target price of $1, if tmr ended below 0.95, cut loss.