$SMIC (00981)

📉 Trade Bias: SHORT ⚠️
🎯 Entry Zone: HK$69.50 – HK$70.50
🛑 Stop Loss: HK$72.20
🎯 TP1: HK$67.00
🎯 TP2: HK$65.20
🎯 TP3: HK$63.50
⚠️ Risk Level: High
📊 Technical Analysis: Selling pressure has increased after rejection from resistance, shifting short-term momentum bearish. Lower highs indicate weakening demand while support remains vulnerable. A decisive break below support could extend the correction. Traders should manage risk carefully due to semiconductor sector volatility.
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