XIAOMI is a good company which has great future.
We can see in the Chart that Xiaomi already formed a cup and handle pattern
therefore this could be a good time to Invest in Xiaomi
Target should be 20 and above, and it's time to open those long positions!!
Price played out according to what was analyzed last week. I was expecting the lows at 10.30 and price has taken. Right now, I'm expecting a bullish retracement to the upside, potentially to mitigate the bearish POI at 10.46.
Price is playing out as analyzed last week. I'm expecting price to be playing out according to the Wyckoff accumulation schematic and expect price to head towards the lows at 10.30 to create a spring before price initiate an uptrend.
No changes from my last analysis. Price is creating buy-side liquidity and is on a short-term down-trend. Price has already took some sell-side liquidity, but is unable to push higher. I'm expecting the lows at 10.30 to be taken before we see price take the buy-side liquidity.
Price has been playing out as analyzed since 12 July. Volume is increasing on the down move. Right now, I'm still expecting price to take the lows at 10.30 before we can see price starting to initiate an uptrend
Price is currently mitigating the bullish POI at 12.16. We also have equal lows and sell-side liquidity at 11.26 to be taken. Price is more likely to go down and take the liquidity before we see any up moves.
Price is playing out as expected. Price has mitigated the bullish POI at 12.16 and created equal lows at 11.26. We are likely going to see price heading down to take more sell-side liquidity. We can see price potentially targeting the lows at 10.30.
Price is playing out as expected. Price is reaching the bullish POI at 12.16. From here, I'd take some profits and expect some retracement to the upside before we see any continuation to the downside to take out the sell-side liquidity.
Price is consolidating since last week. Price is on a downtrend. Price falls short of hitting the bullish POI at 12.16 and showed some bullish momentum. I'm still expecting price to hit the bullish POI before starting an uptrend. However, do note that there are sell-side liquidity being built up, and price could potentially take out the lows at 11.26 before going higher.
Price is on a downtrend. Price has hit the bearish POI a few days back, expecting price to hit the bullish POI before starting an uptrend. However, do note that there are sell-side liquidity being built up, and price could potentially take out the lows at 11.26 before going higher.
Volume could be seen at 1yr high. Would will see a trend reversal before this quarter ends ? High likely as price could be seen supporting at the 50ema too.
Smartphone market in India - statistics & facts
India will over take China and emerge as the largest population in the projected year 2100.
Rising disposable income, cheaper internet, and the need to always stay connected are some of the factors that have led the Indian smartphone
market to grow into one of the largest smartphone markets in the world.
...
Bullish
Fundamental
- Strong macro environment East
- Strong earnings
- Positive P/FCF
TA
- Price above POC level
- Momentum broke out
- Price broke out downtrend
- Followed thru week with engulfing candle
Now an unusual entry, a Chinese Stock Xiaomi, Harmonic pattern is complete and we can look to buy some Xiaomi shares and aim for the two targets shown on screen or possibly higher.
