$XPEV: Bullish trend and the emergence of Chinese EV makers
Updated
I had published a video idea discussing Chinese EV names, and China reopening as a possible bullish catalyst for demand in the EV sector and to keep an eye out for bullish setups in the Chinese EV stocks.
I think the time has come to scoop some
XPEV exposure here, the weekly trend is now confirmed as bullish so the move I was anticipating in my prior post can take place now.
It's an interesting turn of events how China has now emerged as a rapidly growing car manufacturing hub, and likely the most compelling competition for
TSLA in the EV front going forward, as everyone else is lagging behind big time or not as profitably participating in the EV transition. So, considering that, I think we should keep an eye on these names and try and capture swings in them going forward.
Best of luck!
Cheers,
Ivan Labrie.
I think the time has come to scoop some
XPEV exposure here, the weekly trend is now confirmed as bullish so the move I was anticipating in my prior post can take place now.It's an interesting turn of events how China has now emerged as a rapidly growing car manufacturing hub, and likely the most compelling competition for
TSLA in the EV front going forward, as everyone else is lagging behind big time or not as profitably participating in the EV transition. So, considering that, I think we should keep an eye on these names and try and capture swings in them going forward.Best of luck!
Cheers,
Ivan Labrie.
Trade closed manually
Most setups failing on the long side, luckily I picked 5 longs but also 2 shorts.I'd just exit any long exposure asap. Trail stops to entry in shorts, and see what FOMC brings. Likely ideal to be flat into Feb 1st.
Comment
Trade closed: stop reached
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
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.