26 April 2024: Xiaomi finally clears 17 hkd resistance level
With Xiaomi finally clearing 17 hkd resistance level, the shortsellers' average price of 16.5 hkd will face a negative suprise on the upside.
Some of them would likely close this position before the weekend and give the share price of Xiaomi another push.
When I was looking at the past price history, Xiaomi came down from 20 hkd to below 17 hkd rapidly. The reverse may jolly well happen rapidly and I will not be surprised to see Xiaomi breaking above 20 hkd.
As always, this should not be construed as any investment or trading advice.
$XIAOMI-W(01810)$ $Tiger Brokers(TIGR)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $Meta Platforms, Inc.(META)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- NancyZhang·04-26But who knows, the stock market can be unpredictable.LikeReport