Chinese Stocks Inverse H&S reversal? BABA had strong earnings and beat earnings expectations.
The stock popped and retraced back however it is showing nice support on that right shoulder along with XPEV and & NIO.
I like these stocks as a buy here and think they can easily reach the neckline resistance by the end of the month. They
They have all broke their respective downtrends.
XPEV & NIO have earnings this month and with many people converting to electric vehicles they could surprise us in a good way.
Im still skeptical on SPY at current levels so I would like to see how these stocks react on the next retracement/correction/continuation.
XPEV
BABA, a beautiful example of ANTI complete cycle !BABA is a beautiful example of ANTI complete cycle !
Many Elliott wave practitioners are not aware of different types of wave cycles ! They may consider themselves as a genius in a bull market ( As everyone else !! ) but suddenly thing change and they can not understand what is happening in a stock or market !
On the left side of the chart there is a schematic drawing showing an ascending complete cycle . In this well know wave cycle waves go up in 5 leg and go down in 3 legs. Correction will never go below the start of wave cycle in this type ( does it go in some other types? of course goes ) !!.
Many investors and traders were hoping for this cycle ( and may be were not aware of alternatives ) in BABA, opened long position at the possible end of wave 4 at related retracement levels and now have lost huge amount of money !!!
An ascending ANTI complete cycle is shown on the right side of the chart. In this cycle waves go up in 3 legs and go down in 5 legs and correction will never go below the start of the wave cycle. Does BABA play like this wave cycle? So far yes.
Is there any other alternative ? Of course yes ! please note we have many other types of wave cycle and we just showed two of them here !. For example, we have neutral or descending antic cycles ( for example of descending anti cycle see my related idea about BROS stock ).
It is worth to note many Chinese stocks like TIGR and XPEV showed anti cycles and this is not a surprise as BABA is leading Chinese stocks in the market.
Things sound complicated? Yes they are ! but we can extract many useful tips among all these complications :
1. Overconfidence is dangerous ! always set stop loss . Things may change suddenly in a way that we did not predict.
2. Be mindful there are many types of wave cycles . Things are not as simple as they may seem at first look.
3. Do not jump blindly into a long position after apparent up going 1 2 3 form of wave !
4. Retracement more than 50 % in what we consider a wave 4 is a dangerous warning.
We can add many other implications to the list by thinking deeply about different types of wave cycles. Hope this publication to be helpful.
Good luck every one !
Fundamentals on XPEV over NIOIt was apparently last year but having such little history, in a nascent market, the data points couldn't be trusted, yet. However I took a large position in Xpev over NIO for a few reasons.
1) They are not competitors, from a price point perspective. Xpev makes a car by my estimate 90% as good as NIOs and 80% as good as Tesla, but they sell for 50-60% of the cost. Nio is a direct competitor of Tesla. Being a start-up funding/attrition is key and fighting Tesla is capital intensive.
2) Speaking of, Xpev is copying more than innovating, though slilght innovations on the things they copy exist. It's cheaper and faster to copy than it is to innovate. NIO made a bold move adopting a battery swap format. It could work in time but that's the problem, in time. It's a capital intensive and geographically disadvantaged strategy to build swap stations, though it's innovative and clever to offer cars at sale prices minus the battery, and leasing the battery to the customer. I like that recurring revenue and lower entry point potential, but again it's a battle of attrition and NIOs strategy is so capital intensive that even it's short term prospects are murky. Xpev is simple. Simple i like.
3) As you can see in the chart this is playing out on the balance sheet and revenue. Xpev from a unit sales perspective has been catching up to NIO, I attribute much of that to their price point and marketing. But also from a balance sheet perspective they are burning less cash so while margins are lower per unit sold, their capex is also lower compared to NIO to balance that out in favor of XPEV.
4) Bonus reason, XPEV is focused. Mainly China/Asia customer base with no plans to expand to NA. Currently testing select parts of Europe. Again, simple is good. Transport logistics, local regulations, taxes/tariffs all create levels of complexity, complexity increases cost an lowers margins. Simple is good.
I see XPEV out performing NIO throughout 2022. Although I do believe should the overall EV market expand fast enough, NIO will do just fine and a rising tide will certainly float their boat as well.
XPEV Price TargetPrice target for XPEV is $33.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
XPEV - back to 30We have a diamond pattern that worked well.
Now its overbought again and we left 2 gaps behind.
Im sure we will see another crash on SPY.
so Tesla, Nio and Xpev should follow. My final target is 30 but I would take profit after every gap fill.
41-44 SHORT ZONE
1.TP 37,20 (first gapfill)
2.TP 32,40 (second gapfill)
3.TP 30,40 (double bottom)
after this Im bullish
not investment advice
XPEV the real Tesla of ChinaXPeng is beating Nio and Li deliveries.
Xpeng 12,922 deliveries in January Market Cap 29.562B
Nio 9,652 vehicles in January Market Cap 36.79B
Li 12,268 Li ONEs Market Cap 27.712B
They have cheaper cars and Ark invest keeps buying XPEV stock constantly.
In the chart, the price bounced from the strong support of 31.5 and is heading to the $41 resistance.
Looking forward to read your opinion about it.
Trading XPEV amid FUD/uncertainty with hedge against its peers.Currently there is a lot of FUD about delisting for all Chinese listed stock. While I like the long-term growth potential of XPEV, I'd also like to hedge against recent market volatility. One strategy is to long XPEV while short one of its Chinese EV peers. I choose NIO in the chart based on its worse performance on price action and various other factors but you can also consider LI, depending on your view on either company.
Reasoning: Any potential sellout in one Chinese EV due to FUD will most likely affect them all, but looking at price XPEV has out-performed among its 2 other peers:
YTD (45% vs Nio):
6m (>40% vs Nio):
3m (30% vs Nio):
even 5 days chart it has recovered faster by 10% after recent sellout.
Furthermore 2 other analysis
1) Position cost distribution from last session (available on other trading platform)
- Nio Avg cost is $39.17 and closing is $32.15 (this means ~90% distribution cost is above current close)!
- Xpev Avg cost is $44.41 and closing is $43.8 so there is much more room for upside potential.
2) Estimated share price held by institution (e.g. available Info from fintel.io with paid subscription) shows that price paid by NIO is much lower; therefore institutions have a much lower price point for profit!
- Nio lowest est. price point is given as <$10 for over 100 millions of share held by various institutions!
- Xpev lowest est price point is given as at least $19.55 (even for Alibaba), hence institutions paid relatively much more and almost retail-ish price.
Anyway with this info, you can trade XPEV against NIO and adjust your overall strategy as long/neutral/short based on your ratio of XPEV long/NIO short.
XPeng might ping at new heights. XPENGCertainly here is a relatively high level of confidence about which we are going, that is being up. Less certain about how far or how high exactly. Not ironically, this is quite normal for markets.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NIO - BIG MOVE INCOMING - DIAMOND (MIDDLE?) LOLAll,
Definitely forming a dimaond on daily, usually very large moves out of diamonds sort of a weird spot here you could argue short term diamond top or mid term diaomond bottom. Either way I think this moves big up or down keep close eye on it closer to next week, maybe sooner.
XPeng G9 First LookThe company will hold the third-quarter conference call on November 23.
XPeng Motors will unveil the G9 SUV, the company's fourth model and the first after its brand refresh, on November 19 at 11:00 a.m. Beijing time.
Photos of the model have already appeared in the XPeng app before the model was officially unveiled.
As previously reported by yiche.com, the new model will be based on the same Edward platform as XPeng's flagship sedan P7, which supports a wheelbase range of 2,800-3,100mm.
The model is expected to be priced at around CNY 300,000 (USD 47,000), equipped with a more advanced autonomous driving system with LiDAR and support for XPILOT 4.0, the report said.
Early last month, a Weibo user said that the XPeng G9 could be officially launched in the fourth quarter of 2022.
The car's wheelbase is between 3050-3100mm, which is longer than the NIO ES8 and Li Auto's Li ONE. But the car may be less than 5 meters long, possibly slightly shorter than the latter two, according to the blogger.
Its price may lie in the range of CNY 300,000 to 400,000, between the P7, which starts at CNY 229,900, and the P7 Wing edition, which costs CNY 409,900, the blogger said.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China
For the full article with the images, please visit the original link.
11/15-11/19 watchlist #2 $XPEV +$50.50
Price targets: $51.5, $52.8
Technical Analysis: Bull flag breakout
News Catalyst: "XPeng launches its new smart EV model at the 19th Guangzhou International Automobile Exhibition (11/19). The new car will be an addition to company's current G3 SUV line. Details on pricing, range and fetures could give shares of XPEV a boost"
XPeng to Launch 800v, 480kW Overcharge... and Super Energy Storage Station.
The CEO of XPeng Inc. predicted that the penetration rate of new energy vehicles would reach 50% in 2025.
On October 24, Xiaopeng He, CEO of XPeng Motors, said that XPeng hopes to be the first 800V high-voltage platform equipped with silicon carbide chips in mass production, aiming to achieve the endurance of 200 kilometers after charging for 5 minutes. Meanwhile, XPeng will also launch the supporting 480kW high-pressure overcharge pile.
The energy storage station designed by XPeng can meet the overcharge of 30 vehicles at the same time. In other words, XPeng will launch three schemes in terms of energy supplement, that is, 800V, 480kW overcharge and Super Energy Storage Station, respectively.
In addition, XPeng also announced its exploration progress in electrification and intelligence. It is reported that it's Xpilot 2.5 accounts for 89.74%, and the activation rate of version 3.0 with high-speed NGP is 59.29%. He pointed that intelligent-assisted driving is not automatic driving, where man-machine driving will be an inevitable choice for a long time.
It is worth noting that Xinzhou Wu, vice president of XPeng's auto-driving business, said that the urban NGP function is expected to be launched in the first half of 2022 and will be tested on some roads in the first batch of cities.
In January 2021, XPeng's NGP was officially opened to users. Users can realize automatic navigation-assisted driving from point A to point B based on the set navigation route. The high-speed NGP function realized by XPeng P7 can cover most domestic expressways and some urban expressways. Apart from the functions of ACC adaptive cruise, LCC lane-centering assistance, ALC automatic lane change assistance, some other functions include but are not limited to automatic lane change, automatic speed limit adjustment, overtaking at night, ramping in, and out.
Xpeng: Still On Track!😎😎😎It took some time for the Xpeng stock to pick upt some momentum, but it is looking better now! We expect the price to increase to an area around $75 in the first step, before another correction sets in. In the long-run, however, the stock should move towards $143.
Push it to the limit!