Xiaomi appears to have hit the bottom and appears to be on the recovery after a morning star session. The DOM also looks good where the buyers are overpowering the sellers. Good for a long market entry for Xiaomi: - Entry: 10.22 - SL: 9.66 - TP: 11.61 Not sure what is the fundamentals behind it? - New products? - Oversold? - Thawing of the trade war between...
Fundamentals specific to XiaoMi remain strong. This bearish move from the sudden flood of locked up shares comes amid a broader market rally. Take advantage of this single event as shorts anticipating this sell off covers.
Xiaomi weekly consolidation and inside bar break. Another -20% drop to come.
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.
Xiaomi has fallen hard from the IPO, but has hit a bottom and will not start to climb back up built off new phones and increased phone services. Huawei will probably always be the top in China but Xiaomi will be a strong #2 in the market and a top 10 in the rest of the world.
Xiaomi has found the bottom, and will grow at least back to the IPO price over the next year.
Maybe a bounce from now to 50% retrate @18.8 stoploss under the new lowest price. Just a test.don't follow.
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...