Earlier in my post here https://ttm.financial/post/417964272726256 I wrote about $XIAOMI-W(01810)$. Briefly price reached a strong resistance and was heading lower.
Performance of Xiaomi DLC
Price Gain: From 0.26 to 0.355, a +36.5% increase in a short period.
Updated Xiaomi Technical Analysis (Daily Chart)
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Double Top Pattern: The chart shows a clear double top formation, a bearish reversal pattern that signals potential weakness.
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This pattern occurs when the price reaches a peak, pulls back, rises again to a similar level, and then declines. The breakdown below the neckline confirms the bearish bias.
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Support Levels:
The first support is near $44, aligning with the lower boundary of the equidistant channel.
If selling pressure continues, price could test lower levels.
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Elevated Volume on the Drop: The recent decline is accompanied by a surge in volume, which confirms strong selling pressure.
Using DLCs for Short-Term Trading
DLCs (Daily Leverage Certificates) allow traders to take short-term positions with leverage. Based on Xiaomi’s analysis:
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Bearish Trade Setup:
A confirmed double top breakdown suggests potential downside.
Traders using short DLCs could capitalize on further declines if price moves toward the $44 support.
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Bullish Rebound Setup:
If price stabilizes at $44 and shows signs of reversal, long DLCs could be used for a short-term bounce.
$Xiaomi 5xShortSG260908(SLRW.SI)$ $Xiaomi 5xShortSG250515(8W1W.SI)$
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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook
Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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