This Chinese No.1 online game casting platform caught my attention. It is possible that the stock have already finish wave 2 and is on the way back up. In terms of risk/reward if you are the aggressive type when it broke a higher week, break volume resistance at 20.7 and weekly macd is about to cross, it is a go time. If i am right we could see the stock projected...
For the past 5 weeks Xiaomi has shown a positive relative strength comparing to Hangseng index. The current price stand above ema 10 50 and 200 days representing a positive trend. It is forming a cup and handle pattern both in short and medium term trend. Positive momentum is likely to persist if the stock can break and stand above 13.28 Hkd.
