TECHNICAL ANALYSIS

XIAOMI is poised for a potential bullish breakout from its two-week rectangular pattern, targeting the immediate resistance at HK$15.20. Considering that the 20-day EMA has remained above the 50-day EMA since the bullish crossover in mid-March, we believe the stock has a decent chance to stage a breakout. If a breakout above that level occurs, the bullish momentum will likely propel the stock towards the HK$15.80 resistance, followed by the next resistance at HK$16.95.

Fundamentals

Net profit is expected to grow at a CAGR of 5% for the next 3 years with strong net margins higher than 5%.

Source: Rakuten Research - 26 Mar 2024

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo