$SMIC HK SDR 5to1(HSMD.SI) is the SDR of SMIC. HSMD allows Singapore-based investors to gain exposure to SMIC โ a China-listed semiconductor stock โ without needing to trade directly on the Hong Kong exchange, simplifying access. Transactions are conducted in SGD, removing the need to handle HKD or manage foreign currency conversion directly.
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1. Weekly Trend Broader trend remains up, with higher highs and higher lows intact. Current daily action is a consolidation within the larger uptrend.
2. TAT indicator triggered a bullish signal near $58 in April, preceding a ~18% rally to current levels.
3. Price has stalled at the upper boundary of the descending channel (ED top), coinciding with minor resistance at ~$71.20 โ a clear overhead zone.
4. Price Gap $65.30โ$66.70. An unfilled gap sits ~3โ5% below current price. Gaps often act as support on pullbacks and tend to attract price back over time.
5. Two Scenarios
Break higher above channel high
Pullback โ gap zone at $65.30โ$66.70 becomes the key area to watch
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