Xiaomi-W (1810.HK): Trading at the resistancePublished On: 7 May 2021, 5:00 PM | Alex Lee, Dealer
- Based on the daily chart of Xiaomi-W, price has been on a downtrend ever since the start of the year.
- Price has since retraced and is currently trading at the resistance level of the downtrend line.
- The trend remains bearish unless price could break above the resistance and close above HK$27.44 level. Otherwise, price will continue its downward momentum and extend to retest the lowest point of the downtrend at HK$20.65.
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