Frustrated with recent China stocks performance ?
Yes, I know , some of my newer positions are also in the red. So long as you are aware of the initial reasons why you are investing in this company, the short term drop in pricing should be viewed as a good opportunity to buy at cheaper price.
Xiaomi is one of them and I want to accumulate more of it. I have been waiting for the last one month since the tumble at the peak at 26.55. It has dropped slightly more than 25% from the peak currently and looking at the tension between China and US, there is a possibility that the sell off is not over yet.
I see some initial support at 19.10 where if I see some bullish signals, I would buy a bit. But, if it falls through this support and heads to 16.90 , at that level , I will buy slightly more.
One thing we need to know about price action is that it is a rough guide where the price will come to. If for example, it hits 19.10 and because you only wants to enter at 16.90 and the Market did not meet your expectations, then at a later stage, when you look back , you would realise a costly mistake. This does not work just for this share but countless stocks out there including indices, currencies, commodities as well.
Separate your trading portfolio from your investment portfolio so that you will not use excessive funds and miss out great buying opportunities in the investment side as Market presents it to you.
Xiaomi is one of them and I want to accumulate more of it. I have been waiting for the last one month since the tumble at the peak at 26.55. It has dropped slightly more than 25% from the peak currently and looking at the tension between China and US, there is a possibility that the sell off is not over yet.
I see some initial support at 19.10 where if I see some bullish signals, I would buy a bit. But, if it falls through this support and heads to 16.90 , at that level , I will buy slightly more.
One thing we need to know about price action is that it is a rough guide where the price will come to. If for example, it hits 19.10 and because you only wants to enter at 16.90 and the Market did not meet your expectations, then at a later stage, when you look back , you would realise a costly mistake. This does not work just for this share but countless stocks out there including indices, currencies, commodities as well.
Separate your trading portfolio from your investment portfolio so that you will not use excessive funds and miss out great buying opportunities in the investment side as Market presents it to you.
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awaiting for 23.90 resistance to be broken up before adding more
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short term traders ca take some profits .......expecting a healthy correction from here.
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correction is over, time to add more
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go get more ammunition from your warehouse to load more on this stock !
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once again, my heartiest congrats to those who have the patience and go long on this stock , adding more along the way.
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26.60 was the resistance that it needs to break out. After several attempts, it did it and I am expecting it to go higher from here. Find a good opportunity to load more for this great company
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Praise the Lord
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added more today !