Xiaomi stock price jumped across the creek as the company announced the launched its low cost 5G phone today. Related Article
Today's action is different from previous rallies as price broke above a significant resistance level that we call The Creek, a resistance level within the accumulation set-up.
With this break out, we expect stock price to move into Mark Up phase where demand>Supply momentum is expected to continue.
Today's action is different from previous rallies as price broke above a significant resistance level that we call The Creek, a resistance level within the accumulation set-up.
With this break out, we expect stock price to move into Mark Up phase where demand>Supply momentum is expected to continue.