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Price Forecast:


Bearish   <->   Bullish

Bullish Case: As demand for AI and semiconductors surges, ASX stands poised for upward movement, especially given the potential for strong earnings in upcoming earnings seasons, backed by high call option volumes.

Bearish Case: Ongoing regulatory scrutiny and legal challenges, particularly concerning the blockchain project delays, pose significant risks to ASX’s stock, potentially leading to decreased investor confidence and price declines.

Potential Outcomes:

1. AI-driven earnings boost (40% probability).

2. Regulatory scrutiny causing a downturn (30% probability).

3. Market stabilizing with mean-reversion (20% probability).

4. Sudden demand spike with bullish momentum (10% probability).

Trading Oracle: Consider a bullish debit spread using ASX 12/20/2024 10.00 C (IV: 35.6) as earnings season approaches. This setup captures potential positive price movement while minimizing risk. Time outlook is 6-12 months, leveraging historical performance trends and inherent market volatility for higher potential rewards.

October 11, 2024


ASE Technology Holding Co.Ltd Forecast

ASX        ASE Technology Holding Co.Ltd

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Assets that tend to move strongly with ASX


SOXL Forecast + Options Trading Strategies   SOXL  Direxion Daily Semiconductor Bull 3X Shares (0.96)


AMAT Forecast + Options Trading Strategies   AMAT  Applied Materials (0.96)


LRCX Forecast + Options Trading Strategies   LRCX  Lam Research (0.95)


MU Forecast + Options Trading Strategies   MU  Micron Technology (0.94)


QCOM Forecast + Options Trading Strategies   QCOM  Qualcomm (0.93)



Uncorrelated Assets

Assets with little price relationship to ASX


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.0)


AMED Forecast + Options Trading Strategies   AMED  Amedisys (-0.0)


WSC Forecast + Options Trading Strategies   WSC  WillScot Mobile Mini (-0.01)


OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (0.01)


SSTK Forecast + Options Trading Strategies   SSTK  Shutterstock (0.01)



Anticorrelated Assets

Assets that tend to move strongly against ASX


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.8)


IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.8)


NKLA Forecast + Options Trading Strategies   NKLA  Nikola (-0.8)


FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.85)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.86)


ASX News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.







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