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 is manufacturer for IOT products which syncs great with Apple or Android Devices. Currently its trading below the 50MA and is oversold at the moment. Support at around the 26.5-27 HKD region with the 2nd support at 22.85-23 region (close to the 200MA) The Wedge pattern is also close to the support region and a rebound is expected. this post as a great...
Xiaomi may drop and tap the ascending trendline before bounce since the counter bearish trendline is not broken yet. There's limited downside there but it is good for a intraday trade !
Xiaomi is oversold, last fibo retracement has shown that price hit -27% target and -62% target already. Buyers will think it is a good time to chip in and at least potential target could be set the horizontal pullback resistance. Uncertainties still remain for xiaomi since Trump put Xiaomi in the military list, but short-term bounce could be possible towards our target!
Xiaomi still trends below the trendline. As long as price stays below the trendline, we remain bearish on it. MACD is also showing extended bearish trend.
XIAOMI just hit a good buy entry at the 61.8% fib retracement! Trendline is not broken and EMA (34) also support a good bullish momentum from here! Stochastics also shows price is reaching a hidden support level !
Xiaomi could retap 38% fib retracement and graphical pullback before bouncing higher !
After the december 2 oversold, XIAOMI price showed a narrow path of upward trend, and by the Fib speed resistance fan can be found that the stock price fluctuations are all within the upper and lower 0.25 line rise. There is also a good chance that XIAOMI price will show an upward trend in the future, with the turning point likely to be when the share price steps...
A key support level is identified according to trendline and key fib levels, our buy entry happens to be where the 61.8% fib retracement and 61.8% fib extension are. Price is likely to bounce from there if price reaches the level. Good level to go long from, in line with the trendeline we have identified on H4!
Xiaomi made a revisit to the trendline, more upside ! Stochastics also support a bullish scenario!
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.
need to be reacted on the upcoming support level and go back on the road again!
xiaomi has finished ABC correction, ready to bounce further !
We have news from Apple earnings that the quarterly earnings are falling, which mean domestic manufacturers like xiaomi could grab more share. Bollinger bands is showing a widening breakout to the upside, in line with volume increase !
Xiaomi is testing our hidden support trendline and could bounce! Stochastics is also showing support!
XIAOMI could go higher from trendline support !
XIAOMI CORP. CL.B ISIN: KYG9830T1067 - Trand Analysis - Rising trend with accompanying volume. However, steep lows (angles).