Tuesday, July 10, 2018

Xiaomi - Bullish Run in 5 Minute

Xiaomi just listed in the HKSE yesterday and the stock dropped heavily first before recovering to yesterday's opening price. It suggested that the stock was strong with flushing going on and buyers were willing to take higher prices above. Today it opened high and then gap up and continue it's buying streak where the warrant was in the Top Volume here in Singapore. The 5 minute chart has a good bull run which might indicate more upside for this stock. You will seldom see Hong Kong stock's warrant in the Singapore market but more on the HSI warrant but this time round, I finally saw Xiaomi's warrant in the Top Volume which indicated huge amount of interest. I think there is still room for more upside but look for opportunities when it simmered a little first.

Update: 10/7/2018, 6:46PM

Xiaomi closed high and closed strong at the end of the day!!

Ronald K - Market Psychologist - A Stock Market Opportunist