$XIAOMI-W (01810.HK)$ At HK$30.60, the short-term trend remains in a weak sideways consolidation pattern. The stock price is below the 10-day moving average at HK$31.212, the 20-day moving average at HK$31.109, and the 30-day moving average at HK$31.220, indicating that the short-term uptrend has not yet resumed. The Bollinger Band's midline is around HK$31.109, the upper band is near HK$32.714, and the lower band is around HK$29.504. The current price is below the midline but still above the lower band, suggesting that the stock is consolidating within a weaker range. The Relative Strength Index (RSI) is around 38, showing weak momentum but not entering extreme oversold territory, meaning Xiaomi is currently experiencing a lack of rebound strength rather than an abrupt collapse.
Judging from the sentiment in the comments, the biggest market divergence for Xiaomi right now is not whether there's a story, but whether the stock price can truly break out of the bottoming phase near 30 to 31 yuan. The bullish side argues that, given the weakness of the broader market or pressure on auto stocks, Xiaomi's relative decline has been limited, with some even considering Xiaomi the strongest performer today, reflecting that some funds in the market still view Xiaomi as a relatively supported stock. Some investors also mentioned buybacks, the 'magic 3:30 PM' phenomenon, the 'golden needle probing the bottom,' strong buying interest, and significant undervaluation, showing that bulls are still hoping for short-term support to be established around 30 yuan before re-challenging levels above 31 yuan.
However, there are signs of fatigue in bullish sentiment. Many comments aren’t strongly advocating for further upward movement but instead express hopes for turning points, breaking even, or reclaiming the HK$31 level, with some even saying they would stop buying Xiaomi shares if they break even. These types of comments reflect that current holders...