Xiaomi breaks through resistance
- newby, but the only person you've got for XIACY in 2020 -
Xiaomi is on a roll, and as Huawei is losing market share in the west due to allegations of Chinese spying. But the market for cheap tech is booming.
They've also opened numerous webshops through Europe themselves to keep profit margins high and shipping time low.
positions:
BUY LIMIT @15.30 (first bounce, watch for price action, might drop to support at 14.00, but good price if you don't want to miss out
BUY LIMIT @14.00 (Support level, close half lot at 15.70, set SL at entry point , hold long position till 18.77 or simply forever....
What are your thoughts?
note: Samsung has brought out cheap, but HQ smartphones, so Xiaomi will still have strong competition in the market.
But definitely strongly positioned for budget smart-home tech.
Xiaomi is on a roll, and as Huawei is losing market share in the west due to allegations of Chinese spying. But the market for cheap tech is booming.
They've also opened numerous webshops through Europe themselves to keep profit margins high and shipping time low.
positions:
BUY LIMIT @15.30 (first bounce, watch for price action, might drop to support at 14.00, but good price if you don't want to miss out
BUY LIMIT @14.00 (Support level, close half lot at 15.70, set SL at entry point , hold long position till 18.77 or simply forever....
What are your thoughts?
note: Samsung has brought out cheap, but HQ smartphones, so Xiaomi will still have strong competition in the market.
But definitely strongly positioned for budget smart-home tech.
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.