You all probably came across statements like: “If you invested just X amount in 20XX, then today you would have …”. Guys, don’t worry! We found the next big thing! After its peak in November, the Xpeng stock steadily declined, and people were quick to put it as an “all hype” story aside. We, however, expect it to turn around within the target area of $15.93 and $28.44. From there, we expect the stock to skyrocket to somewhere between $121 and $131.
Do you still expect to hit 131? It's been bounving from 27 to 38 for a while now..
MarketIntel
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@catzineco, As long as the price does not drop below $15.93, we still hold on to the expectation from above. Currently, it seems like the correction is prolonged or (ideally) several 1,2 setups are built up right now.
catzineco
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@DailyMarketUpdate, thanks for the feedback
Attrition_
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What are you estimating it will be worth once delisted and trading OTC? Just an approximate value will work. Thanks!
MarketIntel
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@Attrition_, First of all, thank you for your question! Generally, we do not think that this stock or similarly prominent Chinese stocks are going to be delisted. However, even in that case we would not change our expectation. Even the indicated target for the current move are just preliminary steps on the way to higher valuations.
kxiong0613
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can you explain to me why you think it's going to come down to the price range of $15 please thanks
MarketIntel
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@kxiong0613, Thank you for your comment! Based on the Fibonacci-Retracement, the maximum level on the down side happens to be $15.93. However, since we have already left the trading zone, we expect the price to increase from now on.