XPEV: The forgotten Chinese EV PlayI am wary of Chinese ADRs, but I think this technical set up in XPEV is too good to ignore. I love the consolidation since it's peak in November, and I also think it has developed a solid support level the past few weeks at $45.
XPEV is another EV maker, so it has the upside of catching momentum on any news associated with the industry. I am targeting $60/65 as my upside target, while using a $36 stop to minimize my downside
XPEV/N trade ideas
XPEV READY TO ROCKET!!!! -The correction is almost Done. We are approaching the end of Corrective Wave 2 (about to start wave 3).
-1st Price Target at $77.
-Final Price Target $100-130
-BUY ZONE AT $38-31
- Steady Low Volume signaling change of trend is coming soon!
-RSI -> OVERSOLD AREA
Disclaimer
No Investment Advice
The information provided on this website post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. I Do not recommend that any share should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
XPEV: Trade ideaHey traders, today ill share my trade plan for XPEV:
Conditions:
46.19 fib line cannot be broken
Big volume must confirm upward trend
Using earnings as catalyst
Nio + Li sympathy
I'm currently in March 5 50c and looking to average down today so long that the above conditions are still in motion. My gartley is little bit over extended, my PT is around 56-62 by March 12. If this turns out to be bearish I'll be looking for an ultimate support zone of 43-44 and then I'll likely play weekly puts so scalp my loss from the calls.
Sorry for the inactivity btw guys!! Very busy but after the GMAT I'll be back stronger than ever :)