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ACM Research Inc
Company Overview: ACM Research, Inc. (NASDAQ: ACMR) develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. The Company offers two principal models of wet wafer cleaning equipment based on its Space Alternated Phase Shift (SAPS) technology, Ultra C SAPS II and Ultra C SAPS V.
As per our previous US Diversified Opportunities Report published on ‘ACMR’ on 12th September 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 16.64 based on “recent key business and financial updates, increased net sales, attractive valuation, lower debt profile, mentioned key risks, and technical indicators analysis” and the stock price has now moved by ~55.89% since then and has attained resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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