Awaiting pullback to LONG Xiaomi
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
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
Note
already more than 50% gain from its low at 8.42Note
wait for it to break above the resistance level before accumulating.....Note
wait for support at 11.60
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