Xiaomi is testing our hidden support trendline and could bounce!Xiaomi is testing our hidden support trendline and could bounce! Stochastics is also showing support!
XIACY trade ideas
XIAOMI LONG 1) Resisted 23.90. Resistance formed
2) Cup and Handle formation in the making. But not a strong one. Depth of cup ressembles a V rather nice U
3) Still on an uptrend, BUY on PULL back.
4) Accumulate bet 20.50 - 21.50, Cut loss 19.40
5) Upcoming Earning on 23 Nov
Xiaomi 3CP 2.539 - 17.10.2020 - LongXIAOMI CORP. CL.B
ISIN: KYG9830T1067
- Trand Analysis
- Rising trend with accompanying volume. However, steep lows (angles).
Xiaomi Change in fundamental with trendHKEX:1810
Long term trend - Buy
Period - 1 year
With the new launch of innovative products at a budget, this darling will shine during the difficult time where people tend to downgrade for a better price (low) with a good quality.
The company financially is starting to do well with increase in EPS and reduction in debt which is crucial during this time.
From technical perspective, it has formed a round bottom and at current price of 22.50 is the first target of those who bought at the bottom.
If market condition is strong , we expect the potential price to hit $34-35 range in the mid - long term. With potential stop loss at $14.
XIAOMI.....A glory future for the stock?Hello Traders,
XIAOMI, the Chinese electrics company went public in August 2018 (longest available chart history)!
After a good start, the stock fell hard from a top @ HK$ 22.20 to a low @ HK$ 8.28, build a weeks-long bottom, and reversed trend after in a strong advance.
This formation looks to me as a „cup and handle“-pattern, with the handle to develop. If so to come, a strong advance for the stock in the coming weeks could be next.
From an Elliott-wave perspective, there is following picture to describe.
After the „all-time-low“ @ HK$ 8.28 the stock advance strong to a high @ HK$ 14.- and declined in „three-down“, what could be the first waves of a new impulse, count 1-2!
It followed an even stronger advance after completion to new highs @ HK$ 17.50 and reversed trend again for a short -term correction. This was the time, analysts have to draw a trend-channel at chart. The „break-out“ off this channel occurs at the week on August 23 with a strong gain and indicates, that a wave „3“ was underway. The correction after the high @ HK$ 26.96 is a wave „4“ of the same degree and would lead to new highs after it is done.
Today price has met the upper boundary of the channel and the MA 50 @ HK$ 19.39. May it needs one more low to come to close the open gap, left by the strong outbreak in August, but this is not required. To give a „harmonic“ view to chart, one lower low to come @ HK$ 18.64 would make waves (c)=(a)! A 0.382 Fibonacci is located @ HK$ 17.88 from of advance from HK$ 9.20-26.94!
Traders who believe in the bullish count maybe open a first position in XIAOMI. A break of the HK$ 14.- level would make the move an A-B-C-pattern and can be used as a Stop-loss-level (weekly close).
Have a great weekend....
ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
XIAOMI wait for support lineXIAOMI is in the uptrend, now it has correction waiting for the support line to buy it.
xiaomi gap fillxiaomi has rallied well forming a continuation gap on good earnings, this was followed by an exhaustion gap, now im looking for a panic sell and price to pullback to 19/20hkd which ive charted as a horizontal. gaps get filled 9/10 times, with 20hkd being near original ipo price it makes sense to bounce and strong demand at this price. short from here or buy at the gap choice is yours
Bullish on SEHK 1810 XiaomiSEHK 1810 Xiaomi has made a rounding bottom pattern on the weekly charts, suggesting that the company has taken a turn for the better. It's positive earnings results yesterday bolstered this thesis, I believe Xiaomi has additional room to grow in the future.
Target is 17! HKEX:1810
nicely standing above the triangle and waiting a ppp to develop to have further momentum to go up!
XIAOMI LONG📈 HKEX:1810 LONG D1
🛒BUY above = 15.32
🎯Target1 = 15.88
🎯Target2 = 16.78
🎯Target3 = 17.60
🛑Stop loss = 14.40
🙈Risk = (3%-5%)
#XIAOMI #XIAOMILONG #BUYXIAOMI
Xiaomi as the Chinese "Apple" Xiaomi stocks are day after day moving up. After the new all time high price retracted, however transactions kept in high levels.
Looking at fundamentals there is a potential growing for this group as informations leaked say that a revolutionary mobile device is being developed by Xiaomi. Sales are increasing day after day around the world and their ecosystem is bigger and better day after day.
As we can tell, xiaomi is in world's mouth and consumers love for this brand starts to sound a bit like Apple enthusiasts.
Play on XIAOMI Possible Short Setup on Xiaomi in the next week.
This is not financial advice, please consider your own DD and RM.
Happy Trading!
XI (1810) BUY OR LONG , TARGET UP TO $18Xi confirmed convincing the "SHS" pattern to rise and the price has also surpassed the ceiling, which is a good stock for your long-term investment.
Xi buy : $14.5 - $14.70
Target : $18 +- 0.5
Stop loss : $13.35
Wish you good deals!
A good Company to investXIAOMI is a good company which has great future.
I used a lot of Mi-Product , such as Smart Phone, Smart TV, Smart Aircon etc.
From the Chart, we can see Xiaomi already formed
cup and handle pattern
therefore this could be a good time to Invest in Xiaomi
Target 20 and above
Xiaomi 1810 Cup n HandleFor 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.
