SELX Relief Rally Targets $0.66 Resistance

$SEMILUX INTERNATIONAL LTD(SELX)$

SELX Soared +10.29%: Bounce from 52-Week Low, Eyes $0.66 Resistance

Latest Close Data:

Closed at $0.64 on Dec 24, surging +10.29% with a high of $0.64. It remains -65.4% below its 52-week high of $1.85.

Core Market Drivers:

The stock rebounded strongly from its 52-week low of $0.52. Daily capital flow data shows net buying, with small orders driving a net inflow of ~$1.36K.

The company's core leadership remains stable with key insiders holding significant stakes.

Technical Analysis:

The 6-day RSI jumped to 54.77, exiting oversold territory and signaling a potential momentum shift.
The MACD histogram turned positive to 0.0175, suggesting weakening bearish momentum.
Volume was light at 8.53K shares (Volume Ratio 0.70), indicating a lack of broad conviction.

Key Price Levels:

Primary Support: $0.57 (today's low & near 52-week low).
Strong Resistance: $1.053 (recent high).
Immediate Pivot: $0.66 (evening session high). A close above this level could open the path toward $0.70.

Valuation Perspective:

The company is not profitable, with a negative P/E (TTM) of -6.54 and a high P/S ratio of 6.23, indicating a premium sales multiple despite significant losses (ROE: -92.48%).

Analyst Targets:

No analyst coverage or consensus price targets were identified in the provided data.

Weekly Outlook:

Expect consolidation between $0.57 and $0.66. A sustained break above $0.66 with higher volume could target the $0.70-$0.75 zone. Failure to hold $0.57 risks a retest of the $0.52 low.

Risk Disclaimer:

This is not financial advice. Trading micro-cap stocks like SELX involves high volatility and liquidity risk. The company has negative profitability metrics. Always conduct your own research and consider your risk tolerance.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.