CFD Trading – Buy Xiaomi-W (1810.HKE) at $13.16. Stop at $12.40 and Target at $14.50.

XIAOMI-W   Stock Code 1810.HKE

Outlook

Price corrected to the Fibonacci 62% correction point, which is also the cloud support, and rebounded. Conversion and Base lines remain in a bullish crossover that hints at potential upside ahead. MACD is bullish and is rising, and a bullish crossover is likely in the coming session. We are likely to see price continuing its upward momentum to move higher.

Strategy

$13.16                Buy

$14.50                Price Target

$12.40                Risk Management Stop

2 weeks             Trade Duration

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