AlphaTradingAcademy

XPEV, Fib levels. long for ER play

Long
NYSE:XPEV   XPeng Inc.
Fib levels and support areas are clear but signal to me. Seel off due to the weaker market season, weak EV sector, and NIO ER sympathy. Perfect dip buy opportunity with stop loss in 28 areas and if you can tolerate more on 18 areas, and the reward is all-time high soon when the EV sector gets hot again. Immediate resistance levels are 40, , then 42.5, then VPOC at 46.7, and then 50 onward.

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