Xiaomi(1810.HK) – Continuation of Downtrend?
- Xiaomi is currently trending down within the down channel and has reached the current channel’s resistance level of HK$26.05.
- If Xiaomi breaks above the channel’s resistance level with significant volume, it may indicates a bullish reversal and will possibly challenge the previous high of HK$35.90.
- If Xiaomi continues to fall and breaks below the channel’s support level with significant volume, the price may fall even further to test the next support level of HK$13.00.
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