Xpeng swinging, hitting at least 60 end of feb/beginning of mars
With the recent announcements (european deliveries, sales compared to last year etc.) and fine technicals, we are most likely looking at a second swing here and potentially hitting the 60$ mark at the end of feb/beginning of mars. Maybe even earlier. The recent EV-hype strengthens this stocks relyability even more. I believe we're going to hit the ~140$ mark ,at least, at the end of the year considering the already build factories and the financial backing. Keep an eye out for the delivery growth moving forward, if we keep recieving good numbers from the company the PT is almost a certainty.
Looks like the swing is bound to happen sooner than anticipated, we're still looking to break the resistance level at the 60$ mark.
Xpengs latest press release:
"XPeng to Report Fourth Quarter and Fiscal Year 2020 Financial Results on Monday, March 8, 2021"
Next important date for the stock. If we keep seeing good numbers we are most likely going to break the next resistance level at 78$ early summer.