$XIAOMI-W (01810.HK)$ Yesterday, the stock price significantly corrected, plummeting over 20% in a single day, with a transaction volume reaching 40.885 billion yuan, becoming one of the market's focal points. Today, Xiaomi rebounded sharply by over 8%. As of 10:20, the stock price fluctuated between 37.55 and 39.85 yuan. In news, a Xiaomi spokesperson clarified on Weibo that the insurance services for the SU7 model are currently operating normally.
From the perspective of Technical Indicators, Xiaomi's RSI has dropped to 23, entering the oversold region, along with the Williams and CCI oscillating indicators reflecting 'severe overselling' across the board, suggesting a potential technical rebound opportunity for the market in the short term. However, the MACD has yet to show a significant divergence, and multiple moving averages (MA10, MA30, MA60) have all been breached, indicating a generally weak trend. Unless it can effectively recover above 38 yuan, any rebound would just be a dead cat bounce.

Regarding support and resistance, the first support level is currently at 32.9 yuan. If it fails to stabilize, the next target may drop to the psychological defense line of 22 yuan. The rebound resistance levels are 47.1 yuan and 57.5 yuan, indicating that there is still a considerable distance to go before a major trend reversal. With a 5-day volatility of 40.2%, there is plenty of room for short-term operations, but the risks are also extremely high.

On April 2, those taking a Bearish position can be considered to have had a great harvest, as it was launched that day. $JPXIAMI@EP2509B.P (14706.HK)$ and $UBXIAMI@EP2509C.P (14762.HK)$ In just two days, a surge of 154% occurred.