Tag: Xiaomi Corporation

XIAOMI-W    Stock Code 1810.HKE

Outlook

Price was capped by the cloud resistance, coinciding with the base line resistance point. Conversion and base lines remain in a bearish crossover that hints at potential downside ahead. Lagging span is below price of 26 days ago but is inside the cloud. MACD is bearish and is turning down again, hinting at more downside ahead. We are likely to see price continuing to move lower.

Strategy                  

$11.68                Sell

$10.46                Price Target

$12.30                Risk Management Stop

2 weeks              Trade Duration

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

XIAOMI CORPORATION   Stock Code 1810.HKE

Outlook

A Hammer candlestick pattern, one of the reversal candlestick patterns, was formed near to its previous low support zone. There is also potential divergence warning given from the MACD that hints for possible low as MACD did not follow price to form lower low. These could increase the chances of the stock price rebounding from this low to move higher towards its first cloud resistance.

Strategy

$23.00                Buy

$25.10                Price Target

$21.60                Risk Management Stop

2 weeks             Trade Duration

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

XIAOMI CORPORATION   Stock Code 1810.HKE

Outlook
Xiaomi is in a strong uptrend as price has been trading above the cloud since May 2020. Price broke above its all-time high of HK$26.95 with a bullish candlestick during the last trading session. There was an earlier Conversion and Base lines crossover that hint for the upside. Lagging Span is above the cloud and above price of 26 days ago, confirming the bullish price trend. The MACD is still bullish and is moving higher. We could see price moving higher towards the next resistance point at HK$31.60.

Strategy
$27.50                Buy
$31.60                Price Target
$25.00               Risk Management Stop
1 week              Trade Duration