The Xiamoi share has overcome resistance at HK$16.98 and is heading towards the forecast top of turquoise wave 3. The bearish alternative scenario of a new low for beige alt.II remains 30% likely. An imminent sell-off below the HK$11.84 support will activate it. Primarily, however, the price should continue to move north from the (former) resistance at HK$16.98.