100dollar

Xiaomi Change in fundamental with trend

Lång
100dollar Uppdaterad   
HKEX:1810   XIAOMI CORPORATION
1810
Long term trend - Buy
Period - 1 year

With the new launch of innovative products at a budget, this darling will shine during the difficult time where people tend to downgrade for a better price (low) with a good quality.
The company financially is starting to do well with increase in EPS and reduction in debt which is crucial during this time.

From technical perspective, it has formed a round bottom and at current price of 22.50 is the first target of those who bought at the bottom.
If market condition is strong , we expect the potential price to hit $34-35 range in the mid - long term. With potential stop loss at $14.
Kommentera:
Good junction to enter for buy as it retest the breakout.
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