Trade Idea: Foxconn Technology

Company profile: Foxconn Technology (TW:2354) manufactures and markets OEM (Original Equipment Manufacturing) desktop computers and color monitors.

Summary: weekly – buy

Parameters:

  • Long ≥ 71.40 (GTC)
  • Target: 81.30 (+13.87%)
  • Stoploss:  67.70 (-5.18%)
  • Risk/reward ratio: 2.68
  • Time frame: weekly
  • Country: Taiwan
  • Cash Dividend: 0.9524 TWD
  • Dividend Indicated Gross Yield: 1.35%

Status/Updates:

  • Pending entry – trigger not hit yet
  • 13 Jan 2014: Trade cancelled, no entry

Weekly chart at setup:

trade_foxconn_24dec2013

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