Trade ideas
XIACY Bearish Channel | Bearish Indicators formingMultiple Bearish indicators.
Waiting for retrace and proof of channel.
Possible Xiaomi Inverse Head and Shoulders playXiaomi descending wedge break.
Possible Inverse Head and Shoulders pattern.
Safe Trade : Long Xiaomi on Bottoming Out effectXiaomi 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 US and China
- Dovish Fed?
Any case, still have bad news such as the weakness in Chinese trade in the second half of 2018 due to trade war, Brexit stalemate, US Gov Shutdown, probe into Trump's Russian links and so on. But in any case, this is a safe bet as Xiaomi is a solid company that had fallen from its IPO price of $16. Went long myself. Risk is there but good risk to take.
Take advantage of this single-event oversupply.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 - good things come to those who waitI 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 OVERVALUED. Most of the tech stocks are insanely overvalued right now.
We are in a bear market in Asia. US tech stocks in a bear market and a bear market for global stocks is about to start.
So I'm not in a rush to buy yet.
There will be bounces but I will look to short Xiaomi AGAIN on any rally. I'm already shorting Amazon, Apple.
And Xioami is great for consumers but crap for investors as they don't turn any profits. Basically same Amazon concept and I'm shorting Amazon already. It's a bubble.
Xiaomi Double Bottom Fishing Play possibleXiaomi Head and Shoulders still possible.
With a double bottom test.
Xiaomi not only awesomely priced phones but fire sale for stock?We might be on the first Elliot wave to the new All time Highs if this breakout lasts.
Xiaomi has Started to Climb
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.
80% Growth Back to IPO Price
Xiaomi has found the bottom, and will grow at least back to the IPO price over the next year.
xiaomi long for black swanMaybe a bounce from now to 50% retrate @18.8
stoploss under the new lowest price.
Just a test.don't follow.
