For those who made the thousands of percentage profits on these 3 stocks , congratulations !!!!
Unless you are based in China and familiar with these local stocks, the chances of you spotting them and then make profits out of it is really slim. So, if you are like me, just read it and move on.
As an investor, it is your responsibility to do your own research...
with rising of china semiconductor industries, SMIC had successfully made 7nm BTC semiconductors, even outperfom Intel in terms of effiency. Many ICs are made within China given current International conditions, China has given massive financial stimulates and the company is having multiple quarter of growth and set to challenge many rivals.
This giant is...
high and tight flag
volume is down a lot
price did not move down
spread is shrink
looking for 3 target
#1 this high and tight flag from 4/27-6/20, 25% profit target=33.54
#2 ab=cd from recent pivot point
#3 is abcd from lowest low at april.
every bulish move, but here is buying climax, we need more time or space for a bigger up move. I think the price will retrace to the demand candle, after that, we may have a sideway move or up move, this is depand on how fast is the downward move, if the move is fast and big, which means we need more time to heal the volatily. otherwise if we have to slow and...
It has to break out of the resistance level at 234.30 before it can rally higher. Note that this is a fairly strong resistance level as it has been resisted several times.
Also, there is a possibility that it might retrace to close the gap around 203 to 209 before going higher.
After several bounces on the trendline, I rather see an increase in the short term but for the long term it remains mixed. Perhaps the appointment of the new president will restore momentum to the stock of the company in the long term.
the 50 moving average seems to want to support the price over the last 13 candles after the breakout of it with force on March 28, 2022 and the RSI resumes acceleration, gradually approaching the neutral zone. If we break the trendline and we position ourselves above the 50 zone of the RSI, we go buyer after the pull-back.
A few rebounds on the support zone of 4.85 and 5.00 then breakout of this support zone on July 5, 2021 and we have stagnated until now. The RSI is in divergence from the market and is above the neutral zone.