Semiconductor Manufacturing (0981.HK): Potential for a Breakout?Published On: 30 Apr 2021, 6:00 PM | Wong Kok Onn, Dealer
- Semiconductor Manufacturing went up to the previous high of HKD31.95 and then retraced to a lower price and now it is consolidating within the symmetrical triangle..
- At the end of the consolidation, if the price breaks above the symmetrical triangle with significant volume, it may be a potential bullish reversal and attempt to challenge the previous high of HKD31.95.
- However, if the price breaks below the symmetrical triangle with significant volume, it may be a potential bearish reversal and test the previous low of HKD16.74.
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