Trading Idea - Xiaomi

To be clear! To me this is one of the most difficult analyzes at this point in time!

BUY LIMIT
Entry: 2.20 EUR
Target 1: 2.90 EUR
Target 2: 3.10 EUR
Target 3: 3.60 EUR

1.) Xiaomi shares are sinking after the US government added the smartphone group to an investment blacklist, in a move that is likely to thin its ranks of American shareholders. (Jan. 2021)
2.) (Reuters) - Samsung Electronics Co Ltd reclaimed its crown as the world's biggest smartphone maker from Apple in the first quarter, cornering a fifth of overall global shipments. China's Xiaomi Corp rounded out the top three positions with its best quarterly performance ever as shipments surged 62% to 49 million phones and its market share rose to 14%, market research firm Canalys said.
3.) Xiaomi announced to spend 1.5 Billion USD in New Smart Electric Vehicle Unit. Usually this is the news that triggers a hype. Xiaomi shares remained unaffected. Not a good sign.
4.) From a technical point of view, there is still a small way down. The support line is there (2.20 EUR), but it would have to hold a second time for the stock to attempt a second upward attack.