$小米集团-W(01810)$ potential for further dips!
This is my analysis on $XIAOMI-W(1810.HK) . From a Technical Analysis perspective, it might go down even further:
Price has been consolidating in a bearish channel. We see a potential entry at 22.60 in line with 100% Fibonacci extension to enter for shorts and target Take Profit at 19.85 in line with our graphical swing low, and is also a historical low. Our stochastics is close to where prices have dipped previously, and also price is reacting below 65 EMA, signifying bearish momentum.
Alternatively, our stop loss will be placed at 23.35 which is a graphical overlap.
Type: Short
Entry: 22.60
Take Profit: 19.85
Stop Loss: 23.35
If you wish to use leverage on this, you can go for $Xiaomi 5xShortSG231214(DSOW.SI)
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