Technical Analysis – Xiaomi Corporation ( $XIAOMI-W(01810)$ ) Recent Price Action: Xiaomi recently experienced a strong rally, followed by a sharp pullback. Price peaked near HK$60 before correcting sharply to current levels around HK$42. Resistance Zone turns support: The red line at ~HK$36 marks the previous all-time high (from early 2021). Price has now retested this level, showing signs of buying interest around previous resistance turned support. Volume: Volume has spiked significantly during the recent move, indicating heightened investor activity and strong participation in the breakout and pullback. Momentum: RSI recently pulled back from overbought territory (~78), currently around ~40, reflecting cooling momentum. The drop below the mov
Xiaomi -20%! Will It Return to 20 Amid the Market Crash?
After plunging 20%, Xiaomi has become one of the biggest casualties of the recent market downturn. With investor sentiment shaken and broader market volatility in full swing, many are wondering: can Xiaomi bounce back to the 20 mark, or is there more pain ahead?
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