dchua1969

50% upside more to go.........

Long
dchua1969 Updated   
HKEX:1810   XIAOMI CORPORATION
Around 10.64 was a good entry point after the fall in March this year as with all other equities.
It thrust forward very fiercely like a rocket launcher in 90 degree angles.

Now, it is retesting the resistance at 13.20 level. It may break out and continues to retest the next resistance at 13.56 to 13.94 level. Alternatively, it can conform to the Cup and Handle pattern with a nice correction to form the right handle (another way to view it is a bullish flag pattern) before charging higher.

Those who are late in catching this stock can wait for the pullback first.

Read some of its latest news here, here and here.
Comment:
support found at 11.64. if it can be sustained, this might be a good idea to accumulate
Comment:
up up and away....
Comment:
Praise the Lord, for the Lord has given us abundantly (more than 50% upside since my last call)
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