The Xiaomi shares lost close to 23% of its value since 5th January 2021. Investors are a bit insecure because of some bad news during the past weeks. The USA put Xiaomi on a blacklist, which means that Americans will be banned from buying the shares. Furthermore, there is is a problem with the latest mobile, launched on 8th February 2021. Apparently, the problem...
Xiaomi has strong fundamentals and is on a strong rally, look to buy on weakness or invest longer term, price looks to have formed a cup and handle and broken out.
xiaomi has rallied well forming a continuation gap on good earnings, this was followed by an exhaustion gap, now im looking for a panic sell and price to pullback to 19/20hkd which ive charted as a horizontal. gaps get filled 9/10 times, with 20hkd being near original ipo price it makes sense to bounce and strong demand at this price. short from here or buy at the...
