$SEHK 01810
121.15% 2024 Full Year +54.20% 2025 YTD XiaoMi is a perfect illustration of
1. Relative Strength - consistently outperformed the general Hang Seng Index, making new ATH after ATHs, and dipped the least when index took a plunge.
2. Trend Following - price floating above 21ema (blue MA) all the while, at most a single day of slightly undercut - even if you want to sell into weakness, there is no weakness for you to sell into 3. No extreme overextension sighted - by measurement of ATR multiple from 50sma (green MA) - credits to @jfsrevg for designing this objective method of measuring overextension, generally 8-10x is a good place to start trimming. - on the few visible peaks (purple arrow), the ATR multiples are just around 5x-6x from 50sma. - even if you want to sell into (extreme) strength, there is no objective trigger for you.
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