This stock has been moving without any logic if the fundamentals are taken into consideration. It is way overpriced, but who cares. As for me, I doesn't make sense to judge such stock from the fundamentals but rather we should consider the future possibilities.
If it continues to follow the trend, it will definitely hit 80 USD.
The electric car productions companies has entered a clear hype. This sector includes companies like, Tesla, NIO inc, Xpeng and others. In this analysis I will be focusing on the trend of Xpeng.
Xpeng has increased its stock value by far mora than 200% - emphasizing a clear hype in the stock.
Though if a buyer would be interested in entering the stock they should...
GREAT Company and play nicely the Chinese EV trend
stock already pushing to 50 and it is not the 40 x NIO SO the potential to multiple bagger is big
Not investment advise
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The company's products also include autonomous driving software system. In addition, it engages in the vehicle wholesale and retail activities. The company was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.
finance.yahoo.com
There is a clear pattern over the last 2 weeks. If this keeps going on like that we should see a pullback all the way down to 48.5-49.5 by the end of the week which would be the ideal entry spot.
A possible retracement back at $36, a good potential entry point for wave 5. Also, possible next retracement back at $24. Due to market momentum, the first retracement is more likely at $36.
Xpeng has a possible imminent w breakout/ symmetrical triangle.
There is hidden bullish divergence which means trend continuation.
Risking 5% to win 40%
NYSE:XPEV
Tesla jumped $60 after news that it will join S&P500
This caused a huge momentum for the Chinese EV companies, pushing away bearish calls.
I was waiting on the double bottom back at $38 but this would not be happening.
Conditions will be pushed back to overbought later today and the day after following NIO's earnings.
I regretted taking profit early...
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...
Xpeng Earnings
Estimates: Analysts expected a loss of 18 cents per ADS on revenue of $284.6 million.
Results: Xpeng lost an adjusted 32 cents per ADS. Revenue came in at $293.1 million, up 342.5% in local currency terms.
Gross margin was 4.6% vs. -10.1% a year earlier.
Vehicle deliveries, already reported, hit 8,578 in the September-ending quarter, up 266% vs....
