XIAOMI - 1810 - Add to the watchlist - buy on strength
Xiaomi price rallies have previously failed - so no rush to enter this trade - yet.
A new all time low recently printed and I have drawn a green count back line from the height of the 3rd lowest candle.
An initial close above the line triggers my alert but with caution.
I will wait for price to hold above the line a bit longer and monitor for supporting signals
like rising buyer interest - volume and price closing at highs for the day rather than the lows.
A new all time low recently printed and I have drawn a green count back line from the height of the 3rd lowest candle.
An initial close above the line triggers my alert but with caution.
I will wait for price to hold above the line a bit longer and monitor for supporting signals
like rising buyer interest - volume and price closing at highs for the day rather than the lows.
Comment:
update - price has respected the daily CBLbut yet to push up and away convincingly.