XPEV down $20 or 33% since 1/25/21May just be moving to stronger hands from weaker hands. Could be profit taking. Or maybe overall market correction. We can't know for sure.
I've already sold my $LI, and now $XPEV is the next one I'll whack if China EV stocks (and the market) continue to show weakness.
Trade ideas
XPEV in BUY ZONE!! FLIGHT TO THE MOON LEAVING THE STATION SOON! -The correction is almost Done. We are in a Descending Triangle Corrective Wave 2 (about to start wave 3).
- We are in a Bottom C point ready to launch the rocket, which will follow a D and E before landing on the Moon!!
-1st Price Target at $77.
-Final Price Target $100-130
-BUY ZONE AT $38-37
- Steady Low Volume signaling change of trend is coming soon!
-RSI -> OVERSOLD AREA
Good Luck Bulls!!!!
Disclaimer
No Investment Advice
The information provided on this website post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. I Do not recommend that any share should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
XPEV: The forgotten Chinese EV PlayI 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 READY TO ROCKET!!!! -The correction is almost Done. We are approaching the end of Corrective Wave 2 (about to start wave 3).
-1st Price Target at $77.
-Final Price Target $100-130
-BUY ZONE AT $38-31
- Steady Low Volume signaling change of trend is coming soon!
-RSI -> OVERSOLD AREA
Disclaimer
No Investment Advice
The information provided on this website post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. I Do not recommend that any share should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.






















