Chart Review: Xiaomi (1810:HK)
We shared that Xiaomi have broke out of its Accumulation zone and is entering the Mark Up phase. Price continues to mark up as analysed.
Congrats if you have followed the trade.
Accumulation Phase is a zone where supply exhaust and demand overtake the dominance. Also a zone where smart money comes into the market and pick up the stock at a low price.
A break out from this zone will expect to see continuation of price mark up untill supply comes in.
Understanding the Wyckoff's Accumulation Phase helps individuals trade alongside with smart money.