MI price probably “bottomed”. 20/April/23.MI’s Price have broken 1.60 Choch ( change of character) level. Confirmed the reversal by completing running flat (A)(B)(C)(Cyan) pattern.
MI
MI XIAOMI INC weekly - Expected move - OpportunityMI XIAOMI INC weekly - Expected move - Opportunity
Mi Ribbon Turn GreenFirst time trend reversal resist at EMA 200
Now 2nd time to challenge EMA 200 will have higher chance to breakout and tech sentiment very bullish
Ribbon Turn Green + Fast Turtle Buy
FiFT +ve
Retail Reducing
MI - Downside Potentially LimitedMI
Rst: 4.54
Spp: 4.20
Refuse to go below MA50, the stock shall build support around this level which coincides Fibo Ext 78.6%, downside probably limited here.
MI - Coming to Uncharted Region MI
Rst: 4.54
Spp: 4.20
Breakout charge continues, with the support of strong RSI, MACD, reaching Fibo Extension 100% and even breakout from this point is possible.
MI - Can Play Catch Up With Greatec?MI
Rst: 2.70
Spp: 2.61
Doji candle, above upper BB, relatively lower selling pressure, more upside to unfold. Standing firm above Fibo Ext 50% is positive signal as well.
MI - Stay Strong Albeit Selloff Among Its PeersMI
Trend: Bullish
Rst: 2.15
Spp: 1.99
Emergence of hammer candle today indicates yesterday bullish Marubozu candle is in true strength. MACD just done bullish crossover - shall lead the stock to propel further from its new psychological support level at 2.00
MI - Strong Hammer Means More UpsideMI
Rst: 1.99
Spp: 1.87
Testing strong support at 1.83 and forcing strong rebound today, long hammer candle means bullish, indicators are rising at the same time, so trading opportunity is valid. You may catch this any chance retrace, safe area at 1.90
