China50 index goes up 4 weeks in a row.. Xiaomi still dumps.
Xiaomi dump on the weekly. Increasing sell volume. Decendind triangle break.
I have received a ton of questions about Xiaomi recently. People are in a rush to buy the discounted stock... Me. Even I love Xiaomi as a company and use multiple products. I will hold myself from buying Xiaomi stocks yet. Just some numbers to think about. Xiaomi Market Cap 246.469 Apple Market Cap 720.301B In my humble opinion. Both stocks are INSANELY...
Xiaomi Head and Shoulders still possible. With a double bottom test.
We might be on the first Elliot wave to the new All time Highs if this breakout lasts.
Many people ask me about my thoughts of Xiaomi IPO and what i think is: I personally like/love Xiaomi products. But i will skip this IPO and continue specializing on the small tech IPOs. What i think of IPO as investment: - Overcrowded (mostly with people who don't participate in IPOs) - low demand (read latest news, price range reduction). - its from China...
Xiaomi shows some signs of reverse / end of correction / around listing price. However locally Xiaomi is on the downtrend side. Reasons to be bullish include an expected surge in revenue and earnings, driven by Xiaomi’s focus on Internet services and its increasing share of the hardware market in China, according to notes seen by Bloomberg. In a 63-page note to...
XIAOMI (1810) Slowly coiling up here after its run up and pullback Looking to see some bullish Price action MACD Looking for a break out RSI is about to hit oversold 0.786 (17.56) Fib Retracement/Support
Yesterday, one of the leaders in the global smartphone industry Xiaomi held initial public offering of shares on the Hong Kong Stock Exchange. So far, it looks like a complete failure (of the planned capitalization of $ 100 billion it was possible to reach only about $ 50 billion), but we consider this as an excellent investment opportunity and we will outline our...