Currently, we believe we are in a subordinate Wave 3, having completed the subordinate Wave ((ii)) between the 61.8% and 78.6% levels. Unlike other stocks, we aim to place a market entry here, as we anticipate that we should not fall below the 78.6% level. Else we could come back to the low of 8.28 HKD.
Transaction en cours:
Reviewing our entry in Xiaomi reveals it has been quite successful thus far; the stock rose to a peak of 33% 🚀, encountering a significant gap that we have now almost closed. We anticipate a potential minor downtrend in the coming days, followed by a continuation of the upward trend. The momentum at Xiaomi seems promising. Our entry less than a month ago has seen a remarkably positive response, and we do not expect the price to fall below the level of Wave ((ii)). However, we will maintain our current stop-loss position, expecting, as mentioned, to still be in the overarching Wave III. This suggests a significant upside potential with relatively low downside risk. We will keep you updated, but currently, most Chinese stocks appear to be on a good trajectory and showing signs of recovery.
✅ Daily Charts (price targets & commentary)
✅ Exact setups inclusive Limit Order & Stop Loss
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Discord - discord.gg/G9c5TGETt2
Telegram - t.me/+U7KhRNv61XczZmQ0
✅ Exact setups inclusive Limit Order & Stop Loss
✅ Challenges
Discord - discord.gg/G9c5TGETt2
Telegram - t.me/+U7KhRNv61XczZmQ0