Visual view
AMKR
AMKR drops 21% to Bollinger support and snaps back — target $79.23
Golden Pit Reversal
As of: 2026-05-19
Watch$65.72 Bollinger lower band — the reversal holds while this is support
RiskClose below $61.30 means price has fallen through all support levels
ConfidenceB+
Why now
Amkor ran from the mid-$30s to $79 by late April on packaging demand. Monday's 21% pullback to the Bollinger lower band is the deepest shakeout since the run began — and buyers showed up. Volume was elevated on the reversal day and the stock closed well off the $62.45 intraday low.
How to think
- Enter at $65.54 — reversal off Bollinger lower band
- Stop $61.30 — below the pit bottom
- Target $79.23 — prior high
What to watch
Want to see AMKR hold above $66 Tuesday. First real confirmation is a close above $68.
Simple explanation
A 21.2% pit from the April 27 high, bottoming at $62.45 and closing at $65.54 near the Bollinger lower band. Volume elevated on the reversal day. Recovery is at 18% — still early but the bounce is confirmed.
Risk
Semi packaging stocks move fast. If AMKR loses the Bollinger band and closes below $61.30, the pit has failed — hard stop, no second-guessing.
FAQ
Why not wait for more recovery before buying?
This is a fresh reversal on day zero. Waiting means entering higher with a smaller reward for the same stop. The Bollinger support is the anchor — I get in while it's holding.
Pattern params and score explanation
Setup typeGolden Pit Reversal
PatternA 21.2% pit from the April 27 high, bottoming at $62.45 and closing at $65.54 near the Bollinger lower band. Volume elevated on the reversal day. Recovery is at 18% — still early but the bounce is confirmed.
TimeframeDaily
Tagsgolden-pit, semiconductors, packaging, AMKR, bull
{
"price": 65.54,
"priceLevels": {
"entry": 65.54,
"stop": 61.3,
"target": 79.23,
"support": 62.45,
"resistance": 79.23
},
"metrics": {
"score": 0.778,
"rewardRisk": 3.233,
"volumeRatio": 0.791
},
"patternParams": {
"strict": false,
"subtype": "reversal",
"pitDepthPct": 21.18,
"reversalBodyRatio": 0.217,
"winStartDate": "2026-04-21",
"recentHigh": 79.23,
"pitBottom": 62.45
}
}