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
XIAOMI-W Stock Code 1810.HKE
Outlook
The chart outlook has turned bullish as price is trading above the cloud. The Lagging Span is above the price of 26 days ago as well as the cloud, confirming the bullish price trend. Conversion and base lines remain in a bullish crossover, hinting at a bullish price trend. MACD is bullish and is rising. MACD is hinting at a bullish price trend. We are likely to see price continuing to move higher.
Strategy
$11.50 Buy
$14.30 Price Target
$9.95 Risk Management Stop
2 weeks Trade Duration
