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
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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
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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
I recently started building a position over the last couple of weeks myself. I think there are a lot of events in the short term that can definitely create momentum and heat this stock up. I think if you are a short to mid term trader the 65PT seems reasonable but over the long term thats peanuts compared to what this company will be valued. LONG XPEV