Despite the recent fall XPEV has been respecting the trendline, which is what you want to see on stocks you own. Although there is some overhead with 14/21 emas and the $45 resistance the RSI and MACD show bullish momentum. This may be a good place to buy (or add more shares) with minimum risk since you can place a stop loss just below the trendline (perhaps below the 50-ema).
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
Comment:
Currently trying to break the strong $45 resistance:
Comment:
Good support from the 21-ema but the $48 resistance seems unbreakable at the moment. This is the same resistance level that push the price back down a couple of days ago:
