XPEV 1-3 week horizon
I see 2 channels forming. Channel #1 main channels seems suggest bearish movement. Channel #2 (green) suggest bullish trend.
Price action seems to be respecting channel #2 boundaries suggesting a bullish trend. Price currently at the bottom boundary of bullish channel, we will have to see if it holds.
Buy zone at 47.71 - 44.40 area and targets at 60.08 and 68.67, with stop loss at 43.57; a 5.5% risk with 27 - 46% potential reward.
56.00 area, key level. If price action goes above this level, we may be seeing a confirmation bull trend.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
I see 2 channels forming. Channel #1 main channels seems suggest bearish movement. Channel #2 (green) suggest bullish trend.
Price action seems to be respecting channel #2 boundaries suggesting a bullish trend. Price currently at the bottom boundary of bullish channel, we will have to see if it holds.
Buy zone at 47.71 - 44.40 area and targets at 60.08 and 68.67, with stop loss at 43.57; a 5.5% risk with 27 - 46% potential reward.
56.00 area, key level. If price action goes above this level, we may be seeing a confirmation bull trend.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.