Technical review: HK.1810 XIAOMI

Trend analysis
-The counter itself had ended the bear in end of 2023
-Entering sideways then following with small bullish momentum since then

Price levels
-Major support is HKD14 (It should never go below HKD14)
-Minor support is around 17.5 (Short term cut loss can set below here)
-Major resistant is 22.1 (Should expect retracement once near here)
-Minor resistant is recent high of 20.3

Comments
The share price is now on the 200 moving average, should be able to sustain the momentum as long as holding above it. However, the price itself is at the higher band of the major support and resistant area.

Still ok to place a short term trade with the target of 22.1 but cut loss need to be tight. Then if able to create all time high, HK counters need to hold on to it.

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