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Daqo New Energy Corporation
Company Overview: Daqo New Energy Corp. (NYSE: DQ) is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company's segments include Polysilicon and Wafer.
As per our previous US Daily Report published on ‘DQ’ on 03rd October 2024, Kalkine provided an ‘Speculative Buy’ stance on the stock at USD 22.31 based on “mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~16.98% 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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