Hanmi Semiconductor Successfully Transitions to a Bullish Chart Pattern

Hanmi Semiconductor's support has been strengthened by the major shareholder's purchase of treasury shares. Analysis suggests it has successfully transitioned to a perfect bullish chart pattern, entering a new entry point. A trend-following approach is deemed more effective than short-term sharp rallies.

During recent semiconductor ETF rebalancing, sell-offs from Samsung Electronics and SK Hynix flowed into KOSDAQ. Demand concentrated particularly on stocks included in the KOSDAQ 150 index. Jusung Engineering, Wonik IPS, and Simtek were identified as key beneficiaries of this demand shift.

Demand for High Bandwidth Memory (HBM) from major Big Tech companies like Meta continues to grow. These companies are making essential investments in the latest AI accelerators, such as HBM 4E, to avoid falling behind in the AI race. This trend is expected to lead to a peak in the global semiconductor industry in the first quarter of next year.

Hanmi Semiconductor has the highest cumulative short interest among semiconductor component stocks. Analysis suggests that a short squeeze could occur if a strong bullish candle appears. It was advised not to sell impulsively, as a sharp rise could trigger short sellers to cover their positions.

Israel may leverage geopolitical risks to highlight security issues ahead of its election. Former U.S. President Donald Trump's comments on the Middle East could also contribute to oil price volatility.

For investments in oil-related stocks, SK Innovation or S-Oil were recommended over Heungkuk Oil. Heungkuk Oil was noted to be merely a thematic stock with only 14 gas stations, making it an unsuitable practical alternative when considering refining margins. It was warned that investing in highly volatile thematic stocks at their peak carries a significant risk of long-term losses.

Analysis suggests that thematic stocks like Heungkuk Oil, which surged today, are more likely to see a correction than further gains. Given the high volatility, a conservative approach is recommended, considering an entry point after a correction in late September rather than chasing the rally.

While competitors like Google's Gemini are showing concrete results in AI, Meta, despite large investments including hiring Chinese AI talent, has yet to demonstrate new achievements.

While global investment banks are raising target prices to $750-$800, the key will be whether it can break through and hold the $670 resistance. It was analyzed that if demand recovers, new highs are possible.

Following the release of the Consumer Price Index (CPI) and Producer Price Index (PPI), short-term investment opportunities in pharmaceutical and bio stocks are anticipated. There is a possibility of capital inflow into the pharmaceutical and bio sector, which has been suppressed, as part of market rotation.