$XIAOMI-W(01810.HK)

🚀 Xiaomi (1810.HK) HTF Analysis: Rally Restarting on Buyback Support?

Let’s revisit the Xiaomi higher-time-frame (HTF) 4-hour chart we looked at in late March (26th). The current setup suggests that bulls are regaining control. Based on that earlier analysis, we identified support at 30.77 and price action now appears to be stabilising as corporate confidence improves.

🔷Technical Analysis

❤️Trend Dynamics: After a healthy correction from the 60.00 highs, Xiaomi found a structural bottom in the 30.00–32.00 zone. The “Volumatic VIDYA” indicator has transitioned from a bearish slope to a flatter profile, signaling trend exhaustion.

❤️RSI & Volume: The RSI 14 is at 54.72, climbing steadily without being overextended. Crucially, we see a positive Delta Volume of 28.39%, with Buy volume ($1.525B) significantly outpacing Sell volume ($1.146B). This indicates strong institutional interest at these levels.

🔷Corporate & Market Support

❤️Aggressive Buybacks: In April 2026 alone, Xiaomi executed multiple repurchases, including 8.1 million shares on April 13 and another 2.8 million shares on April 14. This forms part of a massive HKD2.5 billion automatic buyback program initiated to stabilise the stock.

🔷Analyst Outlook: While some brokers have turned cautious due to memory costs, the broader consensus remains optimistic. Major institutions maintain a Buy/Overweight bias with high-end price targets reaching HKD40–HKD55, fueled by the “Human x Car x Home” ecosystem and surging SU7 EV deliveries.

🔷The Verdict

Bullish Accumulation. The 30.77 support has proven to be a “line in the sand” defended by both technical buyers and corporate buybacks. With the price currently at 32.32, the risk-to-reward ratio is highly favorable. A break above 34.50 confirms the next leg toward 40.00.

Not financial advice . Do your DD. Trade safely and risk management.