GigaDevice Innovation $GIGADEV Trading Plan After the Morning Plunge and Wick
Semiconductor and memory stocks saw concentrated profit-taking in the morning session, with A-shares and H-shares plunging more than 8%. Avoid blindly taking large positions on the way down in the short term. After dipping below the key 285 level, the price showed some intraday resistance. Watch for a chance to stabilize and rebound.
Levels to watch:
- Entry: 288 ~ 292 (the pullback zone around the lower wick after the morning breakdown; wait for a 15-minute candle to close and confirm stabilization before entering)
- Stop loss: 282 (exit if the price decisively breaks below the 285 low; strictly cap the maximum drawdown at 3%)
- Take-profit target: 305 (the neckline platform where the previous decline began; take half off to secure breakeven), then look to 315 if it breaks through
The knife is still falling. For a contrarian entry, probe with only a small position, and admit the mistake decisively if support breaks.
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English Setup:
Key Levels: Entry 288 - 292, Target 305 / 315
Stop Loss: 282 (invalidation below morning low)
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Bulls vs. bears poll: Memory and semiconductor stocks plunged nearly 9% in the morning session, breaking below short-term moving averages. Is this a shakeout by major players, or has the trend completely broken down? Join the discussion in the comments!
$GIGADEV #TradFi #HongKongStocks
Semiconductor and memory stocks saw concentrated profit-taking in the morning session, with A-shares and H-shares plunging more than 8%. Avoid blindly taking large positions on the way down in the short term. After dipping below the key 285 level, the price showed some intraday resistance. Watch for a chance to stabilize and rebound.
Levels to watch:
- Entry: 288 ~ 292 (the pullback zone around the lower wick after the morning breakdown; wait for a 15-minute candle to close and confirm stabilization before entering)
- Stop loss: 282 (exit if the price decisively breaks below the 285 low; strictly cap the maximum drawdown at 3%)
- Take-profit target: 305 (the neckline platform where the previous decline began; take half off to secure breakeven), then look to 315 if it breaks through
The knife is still falling. For a contrarian entry, probe with only a small position, and admit the mistake decisively if support breaks.
---
English Setup:
Key Levels: Entry 288 - 292, Target 305 / 315
Stop Loss: 282 (invalidation below morning low)
---
Bulls vs. bears poll: Memory and semiconductor stocks plunged nearly 9% in the morning session, breaking below short-term moving averages. Is this a shakeout by major players, or has the trend completely broken down? Join the discussion in the comments!
$GIGADEV #TradFi #HongKongStocks