SMIC (0981.HK) just broke out from its long-term down trend after a one-year consolidation.
Recently, hit a resistance at 27.90 and has pulled back.
A break above 27.90 will see the price move to the next target at 31.40 and move towards the second target at 32.92.
The company will be reporting results on the 05 August 2021.
All posts and charts are for educational and illustration purposes only
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