XPEV 30% breakout!XPEV broke out today, hitting $45 at a 32% breakout. We have been watching this stock since it was around $17, buying in at $19. There will be a profit taking coming up, and if you are not in this stock yet, there is a GAP trade to play that may work out for you.
$33.45 was where the stock closed, before opening well above the closing price, creating a big gap. Because the stock is in price discovery, it will be very volatile, and should be able to return to gap. However, IPOs are unpredictable at best, and we can never be too sure. Wait for reversal to play out, then see if gap trade is still tangible.