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VaultTrading
May 30, 2021 4:40 PM

XPEV Breakout Long

XPeng Inc.NYSE

Description

On the Daily Chart, we have potential breakout from XPEV. We have broken the resistance from the downtrend and moved above the Point of Control from the Volume Profile. The increasing volume is an additional indicator that XPEV is ready to launch if we stay above this POC.

Looking for continuation to our entry price @ 36.84

Targets are set just under the heavy volume levels given from the volume profile.

1st Target: 43.40
2nd Target: 46.60
Stop Loss: 30.00 (under POC)

Comments
pouria84
A good analyze!
Best entry position is after breaking 36$ resistance and then on retest zone.
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