XIAOMI (3CP)
Updated
There are investments that have nothing to do with the chart, with technical analysis. Obviously, you keep an eye out to check that things are not too bad (or too good) to try to get into the best time. And this is where technical analysis once again proves to be very important.
I had decided to invest in Xiaomi already in January, following the budgets, the price/earnings ratio, the cashflow, constantly growing.
Not to mention that touching the products first hand, you can see the incredible growth that the Chinese company from Beijing in terms of quality.
There are already those who call it "the Chinese Apple" and in my opinion rightly so.
Collaboration with various automotive companies, expansion of the tech sector, investment in 5G, in artificial intelligence.
All things that let us think about possible growth.
Obviously, the government problems with the United States do not help, Xiaomi currently delisted from the Nasdaq, due to the ban, therefore only available in Honk Kong or Frankfurt (the market I have chosen).
I don't think the tense situation can go on much longer.
A possible relaxation agreement would lead the stock to grow as it should.
Returning to the technical analysis: in January the price action was definitely too extended, I was expecting a pullback that actually took place on January 14-15.
I was tempted to enter but seeing the trend of the Nasdaq which began to lose points and the relative proximity of the earnings of March, I decided to wait until the end of March.
In the meantime, the bearish phase continued its path up to the SMA 200, which coincided with an important level of volumetric analysis (I mention it in an image, these are analyzes that I will reserve for the private group, which go a little deeper ).
The day after the Earnings came out, I bought the shares.
From an analytical point of view, the first target is € 3
Second target € 3.8-4
The potential for growth is very high in my opinion, so this for me is a long-term investment, with possible multiple exits and entries over time (which is the way I prefer to operate).
LazyBull
I had decided to invest in Xiaomi already in January, following the budgets, the price/earnings ratio, the cashflow, constantly growing.
Not to mention that touching the products first hand, you can see the incredible growth that the Chinese company from Beijing in terms of quality.
There are already those who call it "the Chinese Apple" and in my opinion rightly so.
Collaboration with various automotive companies, expansion of the tech sector, investment in 5G, in artificial intelligence.
All things that let us think about possible growth.
Obviously, the government problems with the United States do not help, Xiaomi currently delisted from the Nasdaq, due to the ban, therefore only available in Honk Kong or Frankfurt (the market I have chosen).
I don't think the tense situation can go on much longer.
A possible relaxation agreement would lead the stock to grow as it should.
Returning to the technical analysis: in January the price action was definitely too extended, I was expecting a pullback that actually took place on January 14-15.
I was tempted to enter but seeing the trend of the Nasdaq which began to lose points and the relative proximity of the earnings of March, I decided to wait until the end of March.
In the meantime, the bearish phase continued its path up to the SMA 200, which coincided with an important level of volumetric analysis (I mention it in an image, these are analyzes that I will reserve for the private group, which go a little deeper ).
The day after the Earnings came out, I bought the shares.
From an analytical point of view, the first target is € 3
Second target € 3.8-4
The potential for growth is very high in my opinion, so this for me is a long-term investment, with possible multiple exits and entries over time (which is the way I prefer to operate).
LazyBull
Note
After a positive end of May, strengthened by earnings per share which reached 0.311 with revenues at 76.88B, exceeding expectations, Xiaomi (3CP listed on Frankfurt), after a natural reversal, remains in a bullish phase and the recent gap down in the area SMA200 gave me the opportunity to increase my stock accumulation plan, on which, precisely for those who have not read my previous article, I am investing for the long term.The entry price is now slightly higher at € 2.70
The POC is in the 2.88 area.
Breaking this resistance would mean triggering the second bullish impulse, which for medium-term traders could reach the 61.8 fibonacci area (see chart).
For those who want to keep the title for a long time, we are in a key moment of continuation of the trend or of possible reversal.
Should the price, close below the momable average at 200 periods, the first support to be taken into consideration for a possible purchase would be the support trendline (yellow line on the chart), should the most important level fall further, even looking at volumes, it is in € 2.36 area.
A good Sunday to all.
Lazy Bull
saveandinvest.press
Check my PnL and much more ----> Website
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.