- Entry: 10.22
- SL: 9.66
- TP: 11.61
Not sure what is the fundamentals behind it?
- New products?
- Thawing of the trade war between US and China
- Dovish Fed?
Any case, still have bad news such as the weakness in Chinese trade in the second half of 2018 due to trade war, Brexit stalemate, US Gov Shutdown, probe into Trump's Russian links and so on. But in any case, this is a safe bet as Xiaomi is a solid company that had fallen from its price of $16. Went long myself. Risk is there but good risk to take.