- this stock is correcting HKEX:981 HKEX:981
- hold or short until it hits 1st and 2nd support.
-May reobound after that..
- very volatile
- keep your stop losses and trade within in your limits.
trade at your own risk and limits.
Happy trading
Plans entry on 981 on both ways short and long. Depends where price moves and what will come first. Hope for short first if not it can take longer time for price to reach support.
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...
In my opinion, the US government is being myopic if they decide to do the following :
1. to delist the Chinese companies in US - about 250 companies that are worth trillions of dollars
(not very likely but this is a RISK)
So, as much as possible, buy the Chinese companies listed in HK or China else get an ETF not the American Depositary Receipt (ADR)
Do not...
On July 4, Chinese chipmaking giant SMIC announced that the company's vice president of R&D and its core technician, Dr. Jingang Wu, has recently applied for resignation due to personal reasons. He will no longer hold any position in the company.
According to the recent statement of China's largest foundry SMIC (688981:SH, 00981:HK), the company's R&D work...
From the day chart, we can see that selling pressure has eased and buyers have returned to push the price up higher. You can either enter a small position here and wait for it to break out of the next resistance level at 26.52 convincingly before adding more.
Dear traders and friends,
Welcome to my updated analysis of this TSM's potential rival in the future. This asset successfully bounced up from the buy-back zone I posted last week. Two consecutive trend-reversal candlesticks have appeared, indicating the potential formation of a major low from here. If today's candle can close engulfing yesterday's doji, then the...
Dear traders and friends,
Please see the chart. It's approaching the golden pocket and the previous all-time high. The candle closed daily shows a minor trend reversal.
Worth having a look and be prepared.
HakoneDream
