NIA suggested Trio-Tech International (TRT) on October 2nd at $5.90 per share and it rallied by 33.56% to hit a high on October 16th of $7.88 per share where its 14-day relative strength index (RSI) surpassed 80 making it overbought.
TRT dipped back to its 200-day moving average on November 1st where it found strong support.
Today for a third straight day, TRT reached higher intraday highs than the previous day.
TRT finished this week at $6.81 per share and is fast approaching its key breakout point, which is now $7.02 per share.
TRT has a current RSI of only 54.30 so when it surpasses $7.02 per share its upside is massive.
TRT is a semiconductor play but never rallied with other semiconductor stocks.
TRT's big move back to its 2007 all-time high of $24.75 per share will likely occur after iShares MSCI Singapore ETF (EWS) surpasses its long-term key breakout point.
EWS finished this week at a new 3-year weekly closing high.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.
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