Xpeng Bullish Hey guys, we got tough week there huh ?
I am afraid to say that it is not over. Xpeng is very close to support at 29.49 if it do not hold we are likely to see Xpeng at 25.18 or 20.21. Market before earnings is likely to be bearrish than bullish. For example Nio ;). 2 days before earnings sotck fell. So i am thinking that the real uptrend can start only after earning report !
In my opinion it will be a good idea to buy at the end of the downtrend or wait for the uptrend conformation.
Lower it goes cheaper we buy ;).
Comn if u do not agree
XPEV/N trade ideas
XPEV DropGood Evening,
As EV stocks are performing weaker recently and XPEV performs poorly in relation to the overall market, I expect a drop below 30$ soon.
Fundamentals/Macro:
i) relatively weak EV sector
ii) meme stocks are receiving increasingly negative perception by new market participants
iii) Imminent profit taking after ER of big names
Technicals
i) XPEV could not hold daily EMA
ii) could neither hold 33$ nor 32$
ii) XPEV experienced a strong rejection from the upper wedge trend-line
iii) Volume is consistently higher on loss days, showing persistent sellling pressure
I expect a break of the lower wedge trend-line followed by a violent drop below 30$
Thank you.
xpevxpev at support i dont know if its going to hold usually support areas are buy entries right now its at 30 so naturally thats a buy point but if it the market decides to go below 30 chances are it goes to 27 or 25 for secondary supports, so we shall see what happens. also if spy corrects maybe it could drag the entire market down so keep an eye and dont risk too much use stop loss, good luck
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!