xpev wave 3 setupthis one's dear.
i have a feeling this wave (1) is finally in, after that face ripping melt up.
Golden Zone is for buying between $29~$30. There's a chance $xpev stops at the .50 algo target - which sits at $32.
Wave 3 target = $91~$100
previous post which got us to where we stand today:
XPEV
As requested, I'll analyze XPEV today! 👍As @ asadi2 requested, let's see how XPEV is doing!
Yes, XPEV looks interesting, but there a few things that we should be aware of!
Yes, we have a pivot at 41.13, that if broken, could make XPEV fly to the 43 in the blink of an eye.
But in the 4h chart we have a RSI divergence, and an advanced breakdown. These patterns aren’t confirmed yet, but they will be if XPEV loses today’s low: 38.70.
If this happens, then I see XPEV at least at 35, which is the 38.2% fibs retracement and the 20ma area in the daily chart.
We also have a weird divergence in the daily chart too, so be careful!
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See you soon,
Melissa.
Xpeng: Is now the time? 🤑🤑🤑A lot of you have asked for an update of our Xpeng analysis. With the ongoing testing oo the resistance at $37.50, we are at a crucial stage of the price development. If the price is able to hold this level now, we believe that the way is paved for a strong bullish run. Also, we have adapted our price target for wave 3 in green, as we set it to $109.25 - $118.93. So, the expectation is still extremely bullish, but it remains to be seen whether we can stay above $37.50.
Don’t miss this chance!
NIO - Potential Wyckoff Accumulation (P&F Target Inside)Since the distribution happened in Feb 2021, NYSE:NIO has formed a selling climax (SC) on 5 Mar 2021 followed by an automatic rally (AR), which defined the trading range.
The selling climax comes with increasing of supply after reacting the earning announcement and even broke below the support at 40. Yet, there is no follow through to the downside. Instead, a trading range has formed.
A lower high has formed within the trading range despite increasing effort (volume) to the upside, suggests that there is presence of supply. The down wave from 27 April till 23 May created a second point of fear (sort of) with localised increased of supply and spring below the selling climax low.
The spring comes with increasing of supply and has been tested with a higher low and decreasing of supply, which is a successful test.
Supply has been decreasing throughout the trading range is a bullish character.
A commitment bar showed up on 24 May 2021 followed by a potential sign of strength rally. Right now, the price stalled at the resistance area with possible supply absorption characters. A commitment above 43 could suggest a start of a markup phase to test the upside target of 50 based on the point & figure (P&F) projection, as shown below.
Based on the first segment (highlighted in green) with count line at 31, NIO has a minimum target price of around 50 should it commit above 43. Higher target can be estimated should the first target at 50 hit.
Failure case: a break below 39 could suggest the timing is not yet ready, and more time to be spent within the trading range.
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.
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.
XPEV - Break through the TriangleHello everyone,
I hope you are all doing well!
In this analysis, we have are moving inside a huge triangle and are currently at the bottom.
We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $39 and then go to $60 to form an even bigger channel on the Weekly Chart.
There is possibility of more bad news and break lower. The lowest point would be between $17 as that is the only place that the price has gone to, since we do not have any data of lower price movement, however, I do not think that this is the likely scenario here.
Currently, only 1.16% of the shares are in profit. Think about how the BIG hedgies would react to being at a Loss, would they Sell or Doubble Down and Average Down their position? These prices are a steal to have for Long-Term investing and 98.84% are bought higher than you would buy now ;)
Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has not been any funadmental changes in the price to bring it down as much with the company, the investment funds are currently in Crypto, so that is why we have fallen so much. As soon as Crypto dies, the funds will flow back.
Thank you for the attention, I wish you an amazing Friday!
The Future of EV makers stock Price..!There is no need to say Tesla is the best EV maker in the world, but it doesn't mean its current market cap of 676 billion dollars (share price 704 USD) is not far above what it should be!
Lets first define Bubble:
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.
This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Bubbles are typically attributed to a change in investor behavior, although what causes this behavior change is debated.
all EV makers Stock price is lower than half of their price in comparison to 3 months ago.
Please read my EV makers analysis on February 18th, 2021 about the inevitable correction in EV makers' stock Price!
Post-EV-Bubble era!
I believe tesla makes the Gold standard for other EV makers, and all other tries to compete with Tesla, but don't forget, Toyota, Volkswagen, Daimler, General Motors, Ford, Hyundai, and Kia.
Conventional automakers upgraded themselves, and their new fully electric cars are on the roads or coming soon! This may not be worrisome for Tesla but could cause a huge negative impact on smaller EV makers specially NIO.
Sooner or later everyone will find out a company that produced 100k EVs so far can not have a 67.5 billion dollar market cap.
you may ask why??? Because Toyota motors with +10 million car/year and +300 million car production from its early start, has a 213 Billion dollar market cap..! Don't forget Toyota produced more hybrid car than any other company, and recently Lyft and Toyota Canada, in partnership with Toyota Credit Canada Inc., are teaming up in Metro Vancouver to make the Toyota Mirai — a hydrogen-powered, zero-emission vehicle (ZEV) — accessible to drivers on the Lyft platform through Toyota’s new KINTO Share program.
KINTO Share is a carsharing service that offers hybrid and fuel-efficient Toyota vehicles. Drivers who are interested in renting a vehicle while earning with Uber or an approved delivery provider can rent KINTO Share vehicles hourly or weekly.
Now, Let's compare EV makers' stock prices to Tesla. (Fisker, NIO, Xpeng, Li Aouto, CCIV)
NIO/TSLA:
FSR/TSLA:
CCIV/TSLA:
XPEV/TSLA:
LI/TSLA:
All and all, my long-term view for Tesla Stock is bearish as it was since early February 2021, but for others is even more bearish!
Moshkelgosha
$NIO TO $50+ 🚀$NIO broke out our triangle confirming a BULLISH regersal trend. If you want in.... I suggest to buy in before earnings May 1st. We can see some crazy prices/run up into the newest delivery numbers set to be announced. I am bullish on this trade set up, a price trend over $40 can easily confirm a solid run to $50+. Keep $NIO stock on your watchlist this week and the next 🚀
Xpeng: X Bang! 💣💣💣Although the heading can be slightly misunderstood, we believe it represents the potential of this stock the best. For the Xpeng stock, we do not see a way in which this can explode in the negative sense. Rather, we expect the price to skyrocket so at least $121 – and this is only the beginning. In the first place, the price needs to clearly stabilize above $37.50. After that, there will be a massive bullish run.
It’s not too late to hop on the train!