XPEV/N trade ideas
XPEV printing a bull flagGood 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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XPEV - funding secured!$XPEV #tradeidea
+ obtained approved credit line of RMB12.8 billion ($1.98 billion)
+ entered EU Dec. 2020 as the first Chinese EV company
+ one of the Chinese EV Triad: $NIO $XPEV $LI
+ past price action showed that the price can move
+ broke out, pulled back to support
- Another EV?
XPEV It sounds crazy, but the elliott wave /andrew's pitchfork forecasts an aggressive uptrend with a conservative target price of 94.05 by March.
An aggressive target price of 129.07 mid march.
Any dip is a buy. Stop loss at the break of the uptrend.
$2 billion credit line - the catalyst?Xiao Peng obtained a $2 billion credit line from 5 Chinese banks to expand manufacturing and service capabilities. This may be the catalyst to break out of the correction and go back into impulse.
*NOT FINANCIAL ADVICE
The OTHER Chinese EV, XPEV is going higherWhile everyone's focused on $NIO, $XPEV is expanding, increasing their manufacturing and sales.
Daily chart is showing BUY signals with 8 confirms.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
XPEV up 20%; now you wish you had listened to me :)XPEV has been in an accumulation for the past month or so after falling about 44%. I have been accumulating and trading it for the past few weeks (check my other chart analysis). Very lucrative so far. Today it finally broke out of the $47.9 resistance and is rallying like there is no tomorrow. I am up a ridiculous amount. I could close right now and be fine for the month but I believe we are getting at least up to the next resistance, which if it continues galloping up, is $60. If you are not in this is not the time to buy. Cool off and follow me to get the best entries/exits :)
Bullish indicators:
1. breakout above strong resistance
2. Good volume
3. MACD starting its move up. Still has a lot of room to grow
4. RSI pointing up sharply
5. ADX curling up showing the trend is about to start
Safe trades!
Share the love:
If you get anything out of this TA, please like chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
$XPEV EV Picks If close above 46 the goal is 60 SL 37Its new player but showing strong performance during recent sessions - Next resistance at 46-51-56-60 stoploss for current bull wave at 37
XPEV strong break above $47.9; next target $51What have I been telling you kids for the past couple of weeks or so? :) As you can see from my previous charts I have been buying heavily when XPEV moved toward the trendline. I accumulated a lot of shares for a very goo average price anticipating this move up. XPEV finally broke above strong resistance. MACD is curling up, +DI is above -DI and ADX is starting to turn up, which is signaling a trend is about to emerge. Also, last time stochastic moved to the overbought level it stayed there for a long time and the price rallied like crazy. This time I think it should be similar: I think XPEV is poised to reach at least the $51 level but it could go higher depending on volume. Keep an eye on volume and move your stop losses accordingly to protect your gains in case XPEV decides to go back down again (unlikely in my opinion, given the indicators).
Safe trades!
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
XPEVXPEV had a great start due to the backed up b giant inventors including alibaba , the EV sector is hot and demand super exceed the deliverables , this is a must have for long term
