SMIC Updated Analysis
Updated
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 price could go up to the golden pocket region, from 37.4 to 37.95 USD. Please see the chart.
Have fun and enjoy!
HakoneDream
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 price could go up to the golden pocket region, from 37.4 to 37.95 USD. Please see the chart.
Have fun and enjoy!
HakoneDream
Note
Reverse bearish and test the buy-back zone again. Can this one hold?Note
Seems like the major low has formed!
Note
Be cautious on this...This one might not be dictated by TA for a while because of some fundamental problems. Play safe!
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