Chinese EV Stock Xpeng XPEV Has A Bullish Potential
Xpeng 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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.