watch the orange circle zone before going LONGA follower asked for my analysis on this Company - GigaDevice Semiconductor.
It is currently residing at 82.99 price level and we can see it may find support at 77.19 level. Here, it is likely to consolidate for a while before deciding to break out from the bearish trend line and rebound or heads further south towards 58 price level.
No hurry, check the price every week or so and do you own research on its fundamentals.
Here are some recent news for reference -
www.globaltimes.cn
www.mckin
Betting on Lottery-like Stocks in ChinaFor 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 about the companies you are going to put your money in. Afterall, you want to see your returns growing consistently rather than a one o
waking up of giant to 60 yuanwith 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 bouncing from a double bottom, possibily to see 60 yuan, in 2-3 months. and 5x in 5 years.
down move for more up moveevery 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 peaceful downward retracement which means a bigger up move will come soon.
Agricultural Bank of China (BUY)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.























