Is Semiconductor Equipment Maker Kulicke & Soffa Headed to the Upside?

Kulicke & Soffa (KLIC) is on the downside of its latest price cycle, the fifth since 2002. At $5.41, KLIC is trading just above the upper boundary of a key support zone (pink area on chart). If the stock can hold at around $5, it could start the upside of a new price cycle. Otherwise, KLIC could go much lower.

I (RAH) am long Kulicke & Soffa and plan to continue to nibble at the stock.

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Posted February 10, 2008.