Is XPEV making a move higher ? LONG

NYSE:XPEV   XPeng Inc.
XPEV on the 2H chart had a summer peak with the announcement of the collaboration with

VW which then ran into quicksand. Price fell down to the support and demand zone and

now appears to be rising despite a miss on the earnings report. It seems that with the

US markets in quagmire, some investors and traders are diversifying offshore. XPEV, NIO, BABA

and BIDU may be benefiting. XPEC seems to have a good RS profile with the lower time frame

above the higher time frame and both of the above the 50 level. I will look for a long swing

trade entry on the 15-30 minute time frames targeting a price of 22 for a 25% return

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