SMIC has broken out of it's resistance line and now is heading for a lot of upside forming an upward wedge.
If it retests and breaks the resistance level even further, this stock may go up a lot but if it backs down, then it will go down a lot.
Xiaomi has a lot of good news recently so the stock will most likely go up.
If SMIC breaks out, then it could go up high then go down again.
