The rally in technology stocks is tactical and sentiment-driven, rather than reflective of a sustained structural turnaround, analysts say.
PETALING JAYA: The recent price spike in technology stocks has been encouraging, but the rally is tactical and sentiment-driven, rather than reflective of a sustained structural turnaround, analysts say.
BIMB Research said in a report investors are advised to take profit if prices revisit their respective target levels while also adopting a wait-and-see approach for potential re-entry at more attractive valuations.
