Trade idea for Xiaomi (HKEX)

#XIAOMI

The share is traded in the descending channel’s lower border span. The reverse pattern “Pin-bar” has formed. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy after the 4-hour impulse candle is closed above 23.22.

Stop-loss — 22.37.

Target levels: 24.45; 25.89.