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

Not

globaltimes.cn/page/202207/1269827.shtml

Not

edition.cnn.com/2022/12/21/economy/xiaomi-layoff-china-tech-unemployment-intl-hnk/index.html

Not

already more than 50% gain from its low at 8.42

Not

wait for it to break above the resistance level before accumulating.....

Not

wait for support at 11.60

Not

cnbc.com/2023/02/26/xiaomi-13-pro-launch-specs-price-availability-.html

Not

chinadaily.com.cn/a/202304/14/WS64391a58a310b6054facdb64.html

Not

cnbc.com/2024/02/26/xiaomi-bets-on-new-ev-su7-targets-potential-20-million-premium-users.html

Not

channelnewsasia.com/business/xiaomi-ev-launch-market-value-gm-ford-4235766

dchua1969

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

dchua1969