Intest projects $135M-$140M full-year revenue as semi orders rise 56% sequentially
Intest (INTT) has positive news, projecting annual revenue to rise from $135 million to $140 million, driven by a sequential 56% increase in semiconductor orders.
In the context of a short-term resistance test following a 23.0% surge over the past 7 days, entry was considered based on the current price being positioned between the 20-day resistance level ($15.69) and the support level ($11.17).
The upward trend due to increased semiconductor orders continues, and if it reaches the resistance level of $15.69, I will take profits. Conversely, if it falls below the support level of $11.17 amid short-term volatility, I will cut losses.
The RSI(14) is at a neutral level of 53.4, the moving averages are in a non-aligned state, the trading volume is at 0.58 times the 20-day average, and the recent 7-day volatility has recorded +23.0%.
Entered with expectations of an upward trend based on a 56% increase in semiconductor orders and positive annual revenue outlook, but the actual result failed to achieve the forecasted return of 2.5%, recording a loss of -11.6%. At the time of entry, it was in a short-term resistance testing phase following a +23.0% surge over the past 7 days, and despite the moving averages being in a non-aligned state and trading volume being somewhat subdued at 0.58 times the 20-day average, there was a failure to adequately heed these warnings. Ultimately, it can be interpreted that during the attempt to break through the resistance level ($15.69), it could not overcome short-term profit-taking and momentum slowdown, resulting in downward pressure.
Through this trading experience, we learned that after a short-term surge, in a non-aligned period where trading volume is not supported, we should lower our expectations for breaking resistance levels and adopt a more conservative approach. In future similar patterns, we will thoroughly apply the principle of refraining from aggressive entry when the news trend of the theme is declining, and waiting until the rationale for a rebound near the support level ($11.17) becomes clear.