$XIAOMI-W(01810.HK)

📈 Xiaomi: Recovery in Motion — Time to Turn Bullish?

I have held Xiaomi since the start of the year, with about 1,400 shares. Watching it drop from nearly HK$60 to around HK$21 made for a tough stretch, so the recent rebound feels really encouraging.

Xiaomi trades near HK$28.44 now, up over 33% from its 2026 low. My average price is HK$31.02🤭.

The technical picture has brightened: price sits above its 20-day moving average and the RSI is around 56. A very positive momentum and not overbought.

HK$29–30 is the critical resistance zone. A clear break there could open a move toward HK$32, then potentially HK$34–36. ☺️

On the flip side, HK$27.3 and HK$25.5 are key support levels to watch.

Fundamentally, hurdles remain: Smartphone margins have softened and Q2 profit dropped sharply. The EV business could be the real long-term game changer.

Plans to expand into Europe has just started. Germany will be the first country in 2027 for its ambitious plan. Furthermore, Xiao Mi has partnerships with top German dealers that will helps them to grow its total addressable market.

It has also reassuring to see BlackRock is adding more Xiaomi into their portfolio, holding steady at roughly 5% ownership

To me, Xiaomi is in transition: smartphones form the solid base, while EVs, AI and its connected ecosystem drive the upside potential.

👉 Check the infographic for key numbers, price levels, catalysts, and bull/base/bear scenarios.

The big test ahead: Can Xiaomi break HK$30 convincingly?