24 March 2021
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Stock listed in Hong Kong Stock Exchange.
March 19, 2021 news, SMIC joins Shenzhen government in US$2.35 billion new chip foundry.
SMIC Shenzhen will focus on mature chipmaking technologies of 28-nanometer and above, with the aim of producing 40,000 12-inch wafers per month. Production at the new factory is expected to begin in 2022.
SMIC and a Shenzhen government-backed investment fund will invest a total of US$2.35 billion in the facility. The Shanghai-based foundry taking a 55 per cent stake and the Shenzhen fund holding 23 per cent.
0981.HK | Semiconductor Manufacturing International Corporation Charting
Study Semiconductor Manufacturing International Corporation Stock Charting. Price Action after tests above 31 dollars high. Price Action begin to get weaker, price action begin to drift south.
Can the demand continue in 2021? Will price action breakout above 33 dollars the last high.
Price Action shows weakness. See MACD.
Manage your trade risk.
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.
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