$XPEV - Descending wedge break out target $60On the verge of breaking out from bullish descending wedge.
Target $60
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
XPEV/N trade ideas
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.
Xpeng BullishHey, i hope you are doing well.. I would like to congrat everyone with reversal and possible uptrend.
My insight...
Pros
1. Double bottom at ~22,7-23 area.
2. Break out from downtrend.
3. Lots of smart money incoming.
4. Positive earnings.
5. Positive plans for 2021.
6. Tesla's fiasco in China.
Cons
1. Strong resistance areas at ~40, ~50, ~60.
2. Chip shortage isn't fully solved.
Now you think how far it can be after 1yr, 2yr ....
Thats my insight and I wish you all to stay strong and healthy !
You see more cons than pros please comn below :)
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!
XPENG We have good market for buyers and nightmare for holders. Now XPENG is near the supp at 25,18. What rational moves we can do here ? Why not to buy at ~25,00-26,00 in order XPENG bounces from the support. Sounds pretty logical, but what if it keeps digging the hole? We have another extra strong supp around ~20,00. And what is rational to do at this point? Why not to buy at this point too, it is extra cheap stock with super big potential to be at 100 or even 200 after X yrs. Tesla wasnt build in a day, it took 9yrs to reach 100 and then it skyrocket. Xpeng is created 2018 not in 2014. So it has to move much faster becouse its an age of technologies :)
My expectations for Xpeng :
Pullback to somewere at ~40,00.
By the end of the year to be somewhere at 60,00-80,00.