XIAOMI CORPORATION Stock Code 1810.HKE
Price reached a high of HK$26.95 which was followed a price correction. Price is now sitting at the gap support zone that was created on 27 August 2020. The Lagging Span is still above the cloud and above the price of 26 days ago, confirming the bullish trend. The MACD is also bullish at the moment, confirming that this decline is just a pullback. These could increase chances of the stock price rebounding from here. We see this stock testing its high of $24.99 again within the next 2 weeks.
$25.00 Price Target
$19.15 Risk Management Stop
2 weeks Trade Duration