HTC Shares Surge, Analyst Advises Investors to Rebalance
HTC (2498) experienced a strong surge today (24th), with shares reaching 38.7 TWD, a 6% increase, effectively breaking through the monthly resistance line. However, analyst Bai Yihong from Qifang Investment Management pointed out that the company’s plan's revenue and profitability remain uncertain. Despite the stock's rise being spurred by news, the likelihood of continuing its upward trend towards the quarterly line is low. He recommends that investors take this opportunity to rebalance or switch stocks, as there are plenty of profitable stocks in the 30 to 40 TWD range.
HTC recently announced a collaboration with AT&T, Mynd Immersive, and Select Rehabilitation to promote a new generation of immersive XR healthcare programs for the elderly across the U.S. The news prompted the stock’s surge. Bai mentioned that although there is a small bottom visible from a technical perspective, the fundamental situation has not changed significantly.
