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,...
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
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.
Xiaomi stock Recently has started a bull trend that brings the stock price, to rise from its minimum of 8.42 to 18.10 bringing a rise of 59.49%. I got my signal and entered just in time to take some profit. Now the price overpass my level of attention between 12.30 and 12.74. the last bull impulse brings the moving average of 50 periods close to the moving average...
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 action and chart pattern trading > Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal. > Aggressive entry @ downtrend channel wave ii and iv breakout > Safer entry point @ triangle breakout > Target @ previous 1 wave 0.382- 0.5 retracement zone > Stoploss @ triangle lower support zone > Risk...
A rise in the form of three waves and a diagonal and then a fall in the form of an abc and a diagonal show that we are in a larger scale in a triangle or a structure like this +The analysis is based on the fact that the United States reached a trade agreement with China to prevent its enemies from uniting.
Bearish momentum weakens slightly..........................................................<>
An important week for Xiaomi (3CP on the Frankfurt stock exchange). The price of the Chinese giant, after consolidating and lateralizing for a month, breaks the bearish trendline and prepares for a possible new positive cycle. As for me, it is the Chinese Tech company, together with Baidu, which I think is more interesting in terms of future growth. The quality...
Intraday trade: xiaomi squeezed in triangular movements! There's limited upside for xiaomi towards the upper band of the triangular area where the 38% fib retracement is. A breakout of this triangle could determine the next move up or down.
XIAOMI broke above the descending trendline, more upside! It might retap the trendline before further bouncing ! Our pivot happens to be where the 50% fib retracement and the EMA (34) support are !
Xiaomi is manufacturer for IOT products which syncs great with Apple or Android Devices. Currently its trading below the 50MA and is oversold at the moment. Support at around the 26.5-27 HKD region with the 2nd support at 22.85-23 region (close to the 200MA) The Wedge pattern is also close to the support region and a rebound is expected. this post as a great...
Xiaomi is oversold, last fibo retracement has shown that price hit -27% target and -62% target already. Buyers will think it is a good time to chip in and at least potential target could be set the horizontal pullback resistance. Uncertainties still remain for xiaomi since Trump put Xiaomi in the military list, but short-term bounce could be possible towards our target!
Xiaomi still trends below the trendline. As long as price stays below the trendline, we remain bearish on it. MACD is also showing extended bearish trend.
XIAOMI just hit a good buy entry at the 61.8% fib retracement! Trendline is not broken and EMA (34) also support a good bullish momentum from here! Stochastics also shows price is reaching a hidden support level !
Xiaomi could retap 38% fib retracement and graphical pullback before bouncing higher !
A key support level is identified according to trendline and key fib levels, our buy entry happens to be where the 61.8% fib retracement and 61.8% fib extension are. Price is likely to bounce from there if price reaches the level. Good level to go long from, in line with the trendeline we have identified on H4!
Xiaomi made a revisit to the trendline, more upside ! Stochastics also support a bullish scenario!