Xiaomi Change in fundamental with trend

30 Ağu 2020

1810
Long term trend - Buy
Period - 1 year

With the new launch of innovative products at a budget, this darling will shine during the difficult time where people tend to downgrade for a better price (low) with a good quality.
The company financially is starting to do well with increase in EPS and reduction in debt which is crucial during this time.

From technical perspective, it has formed a round bottom and at current price of 22.50 is the first target of those who bought at the bottom.
If market condition is strong , we expect the potential price to hit $34-35 range in the mid - long term. With potential stop loss at $14.

7 Eki 2020

Not

Good junction to enter for buy as it retest the breakout.