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xiucat
Nov 27, 2018 12:06 AM

Xiaomi short Short

XIAOMI CORPORATIONHKEX

Description

RSI-price divergence appears.

Comment

10% decline target reached.
Comments
diegoalonso
isn't a bullish divergence ?
xiucat
@diegoalonso, It's not. Lower high of price combined with a higher high of RSI is a typical bearish divergence. Besides, the DO (derivative oscillator) indicator just formed a peak above positive 10 line, normally a peak reaching negative10 line will appear, sooner or later.
gandalf012
@xiucat, i think the momentum and the positive newsflow will force 1810 to move back to ipo Levels at least...let’s see what will happen in HK :)
xiucat
@gandalf012, This chart focuses only on a short-term perspective, I forget to point that out. currently the 10% decline has been reached.
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