Semiconductor Equipment Maker Kulicke & Soffa Is At Key Support

Kulicke & Soffa (KLIC) is on the downside of its latest price cycle, the fifth since 2002. At $4.73, KLIC is trading just below the upper boundary of a key support zone (pink area on chart).

If the stock can hold at around this price, 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.

Related Articles:

Is Semiconductor Equipment Maker Kulicke & Soffa Headed to the Upside?
Making Money With Cyclical Stocks
Price Patterns - Support Levels May Constrain Price Downsides

Posted Match 7, 2008.