Trade ideas
XPEV BreakoutOn 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)
$XPEV - Descending wedge break out target $60On the verge of breaking out from bullish descending wedge.
Target $60
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Chinese EV Stock Xpeng XPEV Has A Bullish PotentialXpeng XPEV violated the downward trend line with a bullish strength and momentum.
XPEV could target $34.40 and $41.80 consecutively according to Fibonacci retracement levels.
Xpeng has underperformed this year, with its stocks down by roughly 30% each, since early January.
The Chinese electric vehicle (EV) space is booming, with China-based manufacturers accounting for over 50% of global EV deliveries.
Xpeng BullishHey, i hope you are doing well.. I would like to congrat everyone with reversal and possible uptrend.
My insight...
Pros
1. Double bottom at ~22,7-23 area.
2. Break out from downtrend.
3. Lots of smart money incoming.
4. Positive earnings.
5. Positive plans for 2021.
6. Tesla's fiasco in China.
Cons
1. Strong resistance areas at ~40, ~50, ~60.
2. Chip shortage isn't fully solved.
Now you think how far it can be after 1yr, 2yr ....
Thats my insight and I wish you all to stay strong and healthy !
You see more cons than pros please comn below :)
XPEV breakout and bounce from previous lowsLooking at those bounces from previous lows in January and March (right after Earnings call), current upward trend has same speed and timing. Targeting $35-45 range by end of May to first half of June if breakout above current level ($27.5) at the top of the channel.






















