📉➡️📈 [In-depth Review] Xiaomi (1810.HK): From ICU to KTV in 4 Hours! Is 33.32 Really the "Diamond Bottom"? 💎

Today, the early trading session of $XIAOMI-W(01810.HK) was a textbook example of **"Liquidity Sweep"**! 🔪

In the morning, short sellers were popping champagne to celebrate breaking below the 34 level, only to get knocked out by long buyers with a bottle at noon. After hitting a low of 33.32, it quickly rebounded, forming a Hammer candlestick with a long lower shadow on the 4-hour chart. 🔨

This is not just a technical rebound but also a violent release of the emotional cycle. 👇👇👇

🌐 Macro & Fundamentals: Where's the Confidence?

The resistance at this level is no coincidence:

Business Moat: Continuous news about the mass production of Xiaomi SU7 Ultra, with the EV business on the verge of transitioning from "cash-burning" to "economies of scale." The high-end smartphone segment has gained a foothold in the European market, and the forward PE has already reached a margin of safety. 🚗📱
Global Capital Flows: Although the Hong Kong market is constrained by liquidity, foreign capital's demand for high-beta tech stocks remains. The sharp drop in the morning session was likely institutions using market sentiment to flush out weak leveraged positions.

📊 Hardcore Technical Breakdown: Deciphering the Market Makers' "Drawing" Art

Ignoring news, purely from the Price Action perspective, today's script was brilliantly written:

Trap Pattern: Breaking below the 34.00 psychological level in the morning created a perfect "Bear Trap." The RSI indicator briefly flattened in the oversold zone (<30), a classic emotional extreme signal.
Indicator Resonance: The 1-hour MACD formed a golden cross underwater, accompanied by increased volume, indicating big money was placing left-side limit orders below 33.30. 💰

⚠️ Key Level Alert (Important!)

Don't celebrate too soon! A V-shaped rebound doesn't mean a reversal; it's often just a correction in a downtrend.
👉 34.36 (yesterday's breakdown point) has now completed the "Support/Resistance Flip." Yesterday it was the floor; this afternoon it's the ceiling.

🗓️ Afternoon Trading Scenario: What's Next?

According to the intraday cycle model, the afternoon session is likely to unfold as follows:

Resistance Test 🚀: After the open, longs will ride the momentum to test the heavy resistance zone at 34.30 - 34.40.
Pressure Test 🛑: This is a dense area of trapped longs, likely to face strong resistance.
Pullback Confirmation 📉: A pullback after the rally to test the support validity around 34.00.

🛡️ Trader Survival Guide (Must-Read Risk Control)

For Left-Side Traders (Bottom Fishers):
🚨 High Risk Warning: The weekly trend is still bearish (Downtrend). Although 33.32 held today, it's like doing push-ups in a falling elevator.

Position Management: When counter-trend trading for rebounds, keep positions below 20%!
Stop-Loss Rule: If you caught the falling knife around 33.50, 33.30 is your lifeline. Break below it, and you must cut losses unconditionally—there's an abyss below.

For Right-Side Traders (Trend Followers):
Don't chase highs around the mid-range (34.20)!

Either wait for a pullback to 34.00 to stabilize before going long.
Or wait for a rally to 34.40 - 34.50, and if resistance appears with a bearish divergence, short with the major trend.

💡 Summary:
Today's candlestick tells us the market still has resilience, but no reversal yet—grinding continues. Keep an eye on 34.36 this afternoon. If it can't break through, expect more "sit-ups" in this range tomorrow. 🧘‍♂️

Stay sharp, trade safe. ☕️