MI’s Price have broken 1.60 Choch ( change of character) level. Confirmed the reversal by completing running flat (A)(B)(C)(Cyan) pattern.
MI XIAOMI INC weekly - Expected move - Opportunity
MYX:MI Fast Turtle Buy FiFT BOD Banker 26%
First time trend reversal resist at EMA 200 Now 2nd time to challenge EMA 200 will have higher chance to breakout and tech sentiment very bullish Ribbon Turn Green + Fast Turtle Buy FiFT +ve Retail Reducing
MI Rst: 4.54 Spp: 4.20 Refuse to go below MA50, the stock shall build support around this level which coincides Fibo Ext 78.6%, downside probably limited here.
MI Rst: 4.54 Spp: 4.20 Breakout charge continues, with the support of strong RSI, MACD, reaching Fibo Extension 100% and even breakout from this point is possible.
MI Rst: 2.70 Spp: 2.61 Doji candle, above upper BB, relatively lower selling pressure, more upside to unfold. Standing firm above Fibo Ext 50% is positive signal as well.
MI Trend: Bullish Rst: 2.15 Spp: 1.99 Emergence of hammer candle today indicates yesterday bullish Marubozu candle is in true strength. MACD just done bullish crossover - shall lead the stock to propel further from its new psychological support level at 2.00
MI Rst: 1.99 Spp: 1.87 Testing strong support at 1.83 and forcing strong rebound today, long hammer candle means bullish, indicators are rising at the same time, so trading opportunity is valid. You may catch this any chance retrace, safe area at 1.90