A whopping 77% drop from the peak of 35.85 to a low of 8.50 in Oct 2022.
It broke the first resistance at 14.26 and is now approaching the 2nd one at 16.88. If it breaks above with a bullish signal, I will add more slowly.
It's launch of the Electric vehicle will give the likes of Tesla, BYD, Xpeng, NIO, etc a good run of their money. While the others are...
Look East! An Exciting Insight into FXOpen's New Hong Kong-listed Stock CFDs
Hong Kong has built up a gilt-edged reputation as one of the world's most reputable financial market centres. The city of Hong Kong enjoyed a unique position for many years. It is situated in the Asia Pacific region, very close to Shenzhen in mainland China, whilst being a global...
The Xiamoi share has overcome resistance at HK$16.98 and is heading towards the forecast top of turquoise wave 3. The bearish alternative scenario of a new low for beige alt.II remains 30% likely. An imminent sell-off below the HK$11.84 support will activate it. Primarily, however, the price should continue to move north from the (former) resistance at HK$16.98.
Xiaomi shares recently attempted to break above the HK$16.98 resistance level. This level should still be breached as part of the turquoise wave 3. However, we think it is 30% likely that the price is more likely to form a deeper beige wave alt. II.
For another interesting Chinese stock, we're looking at the mobile phone manufacturer Xiaomi, trading on the Hong Kong Exchange. Hence, we're dealing with the Hong Kong Dollar, not the US Dollar. Overarchingly, we are also in a Wave III here. Wave II concluded its correction with a double bottom at HK$8.28. This chart adheres well to the Elliott Wave structure,...
Drawing the 2 bearish trend lines, we can see that this stock is soon to break out soon.
2 Options - await pullback and go long
OR
wait for it to break the main bearish trend line around 15 dollars before going LONG. This approach is more conservative and less risk taking but the downside is buying at slightly higher price.
Please DYODD
Xiaomi Ev a Chinese car company made a splash with its low cost sports car. OTC stock, so expect a fee (on fidelity at least) but the return could be massive. NEO ran from $3 to $60+. Im feeling similar outcome here.
~Weekly MACD turning positive.
~Macro breakout trendline
~Measured move from low = %150 toucing 1.72 on FIB
1. Backtest of 200 EMA and SMA
2. (Possible) ABC between 1.236 and 1.382 retreace (white)
3. 0.5 Fib retrace (yellow)
4. RSI and STOCH RSI reset
5. MACD in bullish trend
SL 11.88 HKD TP at least 16.98 HKD
www.tradingview.com (use dark mode)
Xiaomi stock has retreated somewhat in recent days. Nonetheless, we are sticking to our primary assumption that the price is likely to surpass the highs from November once again as part of the magenta wave (B) in order to form the high a good deal further north. Accordingly, we expect a return to this short-term bullish path in the near future. It is important to...
Xiaomi stock struggled to continue its uptrend last week and is currently trading slightly lower. However, we see this as a normal counter-reaction to the strong price gains and part of the substructure of the magenta wave (y), whose top and thus the end of the same-colored wave (B) should be in sight further north. Therefore, we expect that the bulls will soon...
Hi, according to my analysis of Xiaomi shares. There is a wonderful investment opportunity with the stock breaking the support at level 11. And breaking the descending channel with a very positive green candle outside the pattern indicates a strong entry of buyers. good luck for everbody
Xiaomi's Internet Business Arm Expands Partnership with Digital Turbine to Power Global App Recommendations.
The partnership expansion is the next step in Digital Turbine and Xiaomi's relationship, elevating the quality of app recommendations to Xiaomi smartphone end users around the world.
Digital Turbine, the company that connects the mobile ecosystem through...
XIAOMI good time to buy with SEASONAL TRADING STRATEGY
May be to 15++
We are trading with New year Trading, Electronic product rise in newyear seasonal
Due to repeating head and shoulder pattern and finishing correction, I expect it to go up.
Buy at market with stop loss 10 dollars and target for exiting as resistance level.
I suppose Hang Seng Index has found the bottom. In that case probably now we have a good point for buying. Xiaomi shows W-pattern, and week oscillators demonstrate future growing.
Hi, let's take a look at the XIAOMI stock chart. I see two entrances there. At the lower range if the price is not able to get out of the range. Or after a breakthrough and subsequent diagonal resistance retest.
Look at this bullish chart. Let's see if this longer swing does work as intended. Good trades, folks!
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