I am wary of Chinese ADRs, but I think this technical set up in XPEV is too good to ignore. I love the consolidation since it's peak in November, and I also think it has developed a solid support level the past few weeks at $45.
XPEV is another EV maker, so it has the upside of catching momentum on any news associated with the industry. I am targeting $60/65 as my upside target, while using a $36 stop to minimize my downside
XPEV is another EV maker, so it has the upside of catching momentum on any news associated with the industry. I am targeting $60/65 as my upside target, while using a $36 stop to minimize my downside
Comment:
Pullback and broke support level. But will be watching this week to see a reversal. All names like XPEV got sold off very harshly. Still liking the set up a lot here
Comment:
Bounced out of the name, this trade did not work out for me. Will keep on radar however. Stock getting sold off today on bad delivery numbers