Apart from all the politics and fundamentals, technical set up shows that 50MA crossed the 200MA and a Golden Cross occured.
This "can be" the start of another bullish trend IMO.
I like Xiaomi products and use them extensively. They improved the quality over the past years.
I think they still have much room to climb. In general I am very positive about the stock.
Of course, this is just one indicator. Overall market sentiment and fundamentals should support this thesis.
I wouldn't invest just looking at the technicals in this volatile market.
I recommend you to take into account other indicators as well and doing your own DD.
Not an investment advice. These are just my opinions on the probability.
This "can be" the start of another bullish trend IMO.
I like Xiaomi products and use them extensively. They improved the quality over the past years.
I think they still have much room to climb. In general I am very positive about the stock.
Of course, this is just one indicator. Overall market sentiment and fundamentals should support this thesis.
I wouldn't invest just looking at the technicals in this volatile market.
I recommend you to take into account other indicators as well and doing your own DD.
Not an investment advice. These are just my opinions on the probability.