Back to $44 if we breakout above $38XPENG has been through a lot lately, but it looks ready to get it back some
XPEV/N trade ideas
Does this chinese EV Company have a chance for a great bull run?I tried to count with Elliott Waves and Fibo Extensions to predict a future bull run szenario for the chinese EV company Xpeng.
Let me know what do you think about it on the long run.
Regards from Germany
Gold-Esel
$40's incomingUsed trend lines and some predictions on this 4 hour chart. I have two EMA overlays on this chart(Fast & Slow). Fast just passed the slow which is an indicator that the stock will continue to climb. The purple lines are my own drawn trend lines and predictions. I believe this will hit 40-41$ by 4/5 or 4/6. Drew on Resistance & support as well.
$XPEV BAT @618 Pull. (Init Gartley went 50% search my charts) $XPEV haa a daily Gartley we longed from 25's has pulled to its 618% and created a Bat pattern , looking for a buy signal in prz zone highlighted ie, Pin Bar , Engulfing Candle, Inside Bar (all Patterns I post), also keeping an eye on double bottom type move w downtrend break on RSI to go give further reason to long and hold for targets and even 45+ if it get moving (Targets from larger Gartley intact still)
Aiming 382, 618, 1 from top and stop below X (always, short is opposite)
xpev to 45i think despite the correction, its still could reach 45 once out of this triangle, also long term trendline stands solid at about 27 i dont think it will go any lower
Wait to get a seat at the next support levelLooks like we had to take a little detour to get to our target price at $46. But that's fine! More people can get on the ride. Seems like it left the channel to take a dip. I will wait for it to reach the next support stop at 22.9, and hop back on.
xpev ideaif this name doesnt take out resistamce it could fall all the way back to 34 or even 31, so keep an eye for long entry or short .at 38 stop loss above 38 this is not ad advise
$XPEV | Bullish Descending Channel Breakout$XPEV broke out of a bullish descending channel.
Watch for a break above the structure resistance at ~$39 for upside confirmation.
Initial Target $45
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Xpeng back to up trend!?Xpeng a good stock wich was affected of corection and oportunity to trade!
Short term I recomand entry point at 39/41 price target 45 Stop lose at 37! I recomand entry after stock validate supp orange on 1H chat!
Med term entry point 30/35 price target 45+!
Long term entry point 30/25 price target 55+!
Strong support at 35!
First resistence at 40, Second at 45!
Good luck to everyone!
This it's not a financial advice!
XPEV - Good $45 - Best $70 - Bad $29.39 - Worst $17.11Previous symmetrical triangle failed. The breakdown target paid off.
Best case - 70 (if we breakout)
Good case - 45
Bad case - 29.39
Worst case - 17.11
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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 - BULLISHXPEV should have done its complex WXY correction with price corrected to 78.6% FIBO level, further breakout from blue downtrend line confirms reversal trend.
Stay bullish on this stock.
Bat (AB = CD)I find harmonic patterns amazing. I mean, how can the market replicate a leg of a pattern almost to the dollar? It does, sometimes.
So far, unless this pulls back again, the AB leg is almost a carbon copy of the CD leg. You can begin to decipher a harmonic pattern at the pull back to b.
Harmonic patterns all have a relationship between AB and CD, be it an extension or an equals type thing. This is not a gartley pattern because B is below the .618, and folks are sticklers about the gartley pulling to the .618 on the AB leg. Also, a gartley would have stopped at the .786 of XA and this pulled to the .886. The bat pattern pulls to the .886 on the CD leg and the AB leg has some flexibilty between .382 to the 0.5
(In a bullish Bat pattern, the X-A leg is formed by a sharp price rise. In A-B, the price then reverses and retraces 38.2% to 50% of the X-A leg. The B-C leg sees the price reverse again and retrace 38.2% to 88.6% of the A-B leg. In the final leg C-D, the price reverses and achieves an 88.6% retracement of the X-A leg.)
If this was the butterfly pattern, D would be much deeper, extending to the 1.27 of XA.
AB=CD is an harmonic pattern, but only has 3 legs being A, B, C, D. No X because there is not an extra leg.
Matter of deduction sometimes..and I realize most do not feel like figuring this crap out..LOL I find it intriguing. We are all different.
Possible stop under D.
No recommendation.
