Megan Barnard
06-14

$TENCENT(00700)$ HK market pulled back again today, and of course Xiaomi dipped with it.
But honestly — no matter how hard the overall market dropped, Xiaomi held steady. Love that kind of resilience. 😎

Around 10:30 AM, I noticed some solid support near HK$51, so I entered a bull warrant trade, expecting a bounce.

And boom — Xiaomi gave us a nice little surprise into the close, finishing around the 30-day MA at HK$52. 📈

I closed out the intraday position to lock in gains and lower my overall cost basis. No changes to my core stock position — as long as the daily trend holds, I'm staying bullish. 🙌📊

Xiaomi ADR to Hit $200B Cap! Can YU7 Lift it to Next Level?
Xiaomi’s first SUV — the Xiaomi YU7 — unveiled at 7 PM on June 26. Xiaomi's ADR market cap is only one step from $200 billion. Do you like YU7? Xiaomi YU7 vs. Model Y: Which to Choose for 250,000 RMB? After breaking HKD 60, would you take profit or add as enthusiasm fuels?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment