XIAOMI ready for a positive cycle?

An important week for Xiaomi (3CP on the Frankfurt stock exchange).
The price of the Chinese giant, after consolidating and lateralizing for a month, breaks the bearish trendline and prepares for a possible new positive cycle.

As for me, it is the Chinese Tech company, together with Baidu, which I think is more interesting in terms of future growth.
The quality of the products has grown exponentially and the opening of stores will certainly continue at the end of the pandemic, in Europe.

As for the medium term, my targets are the following:

1 target: € 3.39
2 target: € 3.85

Should the breakout fail, the support trendline is the first place to increase the position for long-term investors.


Lazy Bull