Good morning dear padawans. After XPEV's 22% move to the upside in one day it is taking a breather and forming what looks like a bull flag. If it retraces too much the pattern is invalidated so like captains of these (at times) unpredictable tides we must watch and act accordingly. For now I am not worried. The technicals are the same as my previous chart (see link below). I added the Stochastic so we can see momentum is not bullish (lines crossed bearish and are moving down) which is in line with the flag formation. However the Stochastic is a fast moving oscillator so it can very well flip bullish sometime next week depending on how the political scenario evolves (in my opinion). Remember, the Inauguration (and the changes it brings) is around the corner so people may take some time to reassess their investments. In summary, this looks like a normal pull back at the moment but if the scenario changes I will have to change my plans as well.
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***