Xiaomi (1810.HK)

Being one of the Hang Seng Tech Index, its constituent weighting is at 8.11%, ranking at #4. 

Xiaomi Corporation is a Chinese electronics company founded in April 2010 and headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, bags, earphones, shoes, fitness bands, and many other products.

Looking at the daily chart, it is definitely not pretty and it seems to be forming a lower high and lower low. However, looking at the weekly chart, if it holds within the long green bar that was formed on week of 6 July, it would likely be positive and poise for a potential move. 

It seems more volatile compared to Tencent and Alibaba as it has a big presence in India and due to the border tensions, it may get more price volatility in the short term until the governments sort out their differences. 

*I currently hold Xiaomi shares. 

1810.HK Daily

1810.HK Weekly

Disclaimer: Whatever posted here is purely my personal view. It is not an inducement to trade and not responsible for any losses. Tips and News might just be rumors in the market. I take no responsibility for any gains or losses as a result of reading my analyses, judgement and opinions. Trade with care and diligence please!