The news was just reported that XPEV will release its new P7 sedan with lithium batteries, a battery a lot of EV companies are now adopting (companies like TSLA).
I was already bullish on XPEV, especially because they are a great company that is currently oversold and will likely make a correction to the upside in the coming days. Most likely I will add to my...
Without any doubt EV makers and their investors were the winners of market since March 20th, 2020.
But it seems the sentiment has changed in February 2021. NIO and Tesla which are the best performer among their peers failed to reach their tops in January 2021, and getting away from that point with time passed.
IMO: Future belongs to clean energy companies, but in...
XPEV W formation play. RSI is in oversold region.
Entry Price: 36.46
Target: 71.87
Stoploss: 30.43
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
NIO`s battery innovation is also it`s major downsize (beside the entry price), since Tesla also tried battery swapping and had the process down to just 90 seconds. But after a limited pilot program the company abandoned the idea in favor of a stronger Supercharger network.
Prices:
Tesla Model 3 price: $39,990
Nio cheapest car, EC6 Electric Coupe: Pricing Starts...
Simple chart for the near term. Either it wave C is set lower and we push up towards wave's A anchored VWAP, or we put in a lower wave C headed into earnings.
NYSE:XPEV
Possible Scenario: LONG
Evidence: Price Action, Bullish reversal candlestick
TP1 ~55$ , TP2 ~65$, SL: 42$
* 20% Profit
This is my idea and could be wrong 100%
Still possible we see a pullback to $45, this would be my ideal buy zone.
Starter position here on:
3/19 50C at 4.50
4/16 60C at 3.80
4/16 70C at 2.57
Will add a full sized position if it gets down to my golden buy-in zone.
Xpeng (ticker: $XPEV) rises in a bullish trend, forming a pennant pattern. 🚀🚀🚀
You can always make money with stocks. It's never late! Don't FOMO!!
What's your opinion? Your comments are welcome.
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Take into account that fundamentals (news) supplement technical analysis . A trader does not use a crystal ball to predict the future (news and...
6,015 vehicles delivered in January 2021, a 470% increase year-over-year.
Third consecutive month of record-breaking delivery, consisting of 3,710 P7s and 2,305 of G3s. (businesswire.com)
Don`t rush into conclusions, before you look at this comparison with BMW and the time i warned you about the speculative...
Buy XPEV today. Not terrible entry point considering we are going to 77 in ~36 days from now.
Where did i get this PT? Out of my magic crystal Palantir ball called Technical Anal-isis.
Non standard technical anal-isis used here. This is my own flavor and it's usually right. No DD done on XPEV, this is all based on chart pattern magic.
