Positive Closing: Executed trade generated profitXiaomi 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 of 200 periods, and probably we will see a possible golden cross, let's see it In the coming weeks. My new next level is above 14.22.
Probably the reopening of China and the end of the political covid-zero is given a boost to the economy and so the possible start of a bull run, we need to be careful and be aware of any possible change of direction, so having a portfolio diversified, and doing diligence in our work, will help us to protect our portfolio. This trade you can see it on my profile in eToro.
3CP trade ideas
1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?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 reward ratio: 2:1
Indicator:
MACD - signal golden cross anticipated soon
RSI to breakout downtrend line MA before making the long entry
Always trade with affordable risk and respect your stoploss
1810 AnalysisPrice 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.
WATCH INDIA & XIAOMI $1810 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.
And with the entire nation glued to mobile phones ( like any other countries in the world ) It is undeniable that we cannot live without mobile devices.
India will also emerge as one of the high growth economics moving forward.
However, compared to other markets across the globe, India’s smartphone penetration rate is still relatively low.
The demand for smartphones is likely to grow in the future as a considerable share of the population did not own a phone or were planning to switch from a feature phone to a smartphone.
- 35% has no mobile phones & 45% owns mobile phones but not a smartphone.
India has a huge potential uncovered market for mobile devices and home appliances for these 75% population
whereby these two sectors will lead and grow as the fastest growing online products as the India develop.
For your info, Xiaomi was one of the leading market shareholders in the Indian smartphone market. It sold phones under the brand names Mi, Redmi, and POCO.
So technically, it should be on the number 1 spot.
Not sure if you are aware, Xiaomi is undercutting the entire tech industry ( Mobile deceives & home appliances ) which covers the two sectors mentioned above that will lead and grow as the fastest online products
Hope you enjoy my thesis and analysis on the fundamental.
* not financial advice
* my own analysis
* pictures credit Statista
Link to the technical as below.
Cheers!
Buy now or wait for Breakout for Xiaomiread this latest news here
I am bullish on Electric cars market in China and I think Xiaomi entry into this market in 2 years time will create more demand and competition for the EV market. That explains why I am adding more to LIT ETF as this is going to be a game changer for the automotive market in years to come.