XIAOMI CORPORATION Stock Code 1810.HKE
Outlook
Yesterday, this stock broke and closed above its recent peak, also the all-time high, after rebounding from the low of HK$23.10. The bullish trend remains intact as there was a bullish Conversion line and Base line crossover and Lagging Span is above price of 26 days ago and the cloud. The MACD is still bullish and just had a bullish crossover, suggesting potential upside ahead. We see price continuing its upward movement towards the V-shape price projection at HK$33.70.
Strategy
$29.20 Buy
$33.70 Price Target
$26.30 Risk Management Stop
2 week Trade Duration
