--- title: "Xiaomi Group-W (01810.HK): Investors are asking if it's still too late to short now. Some investors are bearish, expecting it to fall to 23-24 yuan, holding put options with a strike price of 22.86 yuan." type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40127991.md" description: "•Xiaomi Group's short-term trend remains in a weak consolidation pattern, with the current price at HKD 31.70. The stock price has been trading below multiple medium- and long-term moving averages for an extended period, with no significant improvement in the overall structure. It is still viewed as facing resistance on rebounds and trading sideways with a weak bias for now. Looking at the price action, after falling from the high of 37.50 yuan, the stock has been unable to climb back above the 10-day moving average at HKD 31.54 and the 20-day moving average at HKD 31.89, reflecting persistent overhead resistance. The current price of 31.70 yuan is near the convergence zone of the 10-day and 20-day moving averages, while the middle band of the Bollinger Bands is at 31.89 yuan..." datetime: "2026-04-23T07:44:07.000Z" locales: - [en](https://longbridge.com/en/topics/40127991.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40127991.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40127991.md) author: "[江恩小龍](https://longbridge.com/en/profiles/27382740.md)" --- # Xiaomi Group-W (01810.HK): Investors are asking if it's still too late to short now. Some investors are bearish, expecting it to fall to 23-24 yuan, holding put options with a strike price of 22.86 yuan. • Xiaomi Group remains in a weak consolidation pattern in the short term, currently at HKD 31.70. The stock price has been trading below multiple medium- and long-term moving averages for an extended period, with no significant improvement in the overall technical structure. It is still viewed as facing resistance on rebounds and being weak in sideways trading. From the price action, after falling from the high of HKD 37.50, the stock has been unable to reclaim levels above the 10-day moving average at HKD 31.54 and the 20-day moving average at HKD 31.89, indicating persistent overhead resistance. The current price of HKD 31.70 is near the convergence zone of the 10-day and 20-day moving averages. Meanwhile, the middle Bollinger Band is at HKD 31.89, and the stock's inability to stabilize above it suggests limited rebound momentum. Immediate resistance is seen at HKD 31.89, followed by the upper Bollinger Band at HKD 33.30. Support levels are at HKD 30.70 and the low area around HKD 30.26. The Relative Strength Index (RSI) is around 50, a neutral level, reflecting a lack of clear directional bias in the market for now, with no one-sided trend. In other words, the current phase is not a clear acceleration of the downtrend but rather a sideways consolidation within a weak market. Regarding investors asking if it's still timely to short now, from a technical perspective, the current price is already near the short-term moving average resistance zone, indeed at a position of "facing overhead pressure." However, there are also no clear signals of significant weakness or a breakdown of key support levels. Before the HKD 30.70 support is breached, the price action will likely remain range-bound and choppy. Therefore, the risk-reward ratio for chasing shorts is not particularly high, with a greater chance of the stock oscillating between HKD 30.70 and HKD 31.90 first. As for some investors expecting a drop to HKD 23-24 and holding put warrants with a strike price of HKD 22.86, this is a more medium-to-long-term bearish bet. From the current technical structure, the stock is still consolidating above HKD 30, which is still some distance from HKD 23-24. Without a clear break below the HKD 30.26 low and the formation of a new downtrend, this expectation lacks technical support for now. Only if the HKD 30 level is breached and the downtrend continues would the possibility of extending to lower regions gradually increase. Overall, Xiaomi is still in a weak consolidation phase, with key resistance at HKD 31.89 and support at HKD 30.70 and HKD 30.26. It's not advisable to aggressively chase shorts before the support is broken. Only if HKD 30.26 is breached would the trend have a chance to ### Related Stocks - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md)