The news was just reported that XPEV will release its new P7 sedan with lithium batteries, a battery a lot of EV companies are now adopting (companies like TSLA).
I was already bullish on XPEV, especially because they are a great company that is currently oversold and will likely make a correction to the upside in the coming days. Most likely I will add to my already existing position and hold long term. I'd first like to gauge its movement next week to see if it can hold its current support.
We could also see a break out of the pennant sooner than we thought!
You can check out the news article here -->> HERE
What are your thoughts?
I was already bullish on XPEV, especially because they are a great company that is currently oversold and will likely make a correction to the upside in the coming days. Most likely I will add to my already existing position and hold long term. I'd first like to gauge its movement next week to see if it can hold its current support.
We could also see a break out of the pennant sooner than we thought!
You can check out the news article here -->> HERE
What are your thoughts?