CFD Trading – Buy XIAOMI-W (1810.HKE) at $12.08. Stop at $11.60 and Target at $13.54.

XIAOMI-W   Stock Code 1810.HKE

Outlook

The price decline appears to halt at the base line support, coinciding with the Fibonacci 50% correction point. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. MACD is rising after having a bullish crossover. We are likely to see price resuming its upward strength to move higher in the next 1-2 weeks.

Strategy                     

$12.08                Buy

$13.54                Price Target

$11.60                Risk Management Stop

2 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.