XPEV/N trade ideas
Is Xpeng Ready for the Ride?I had a close watch on XPEV in late 2020 after it dropped from its all-time high. The stock ultimately saw a breakout on January 12, followed by a vital retest of the 20-day EMA and 50-day SMA on January 15. However, the move was hammered by a broader sell-off that was ruthless to the EVs. Personally, I think bullish sentiment is returning to the sector. However, from a technical point of view, I do not rule out that short-term headwinds may slow down the rally.
The XPEV ticker reappeared on my radar a couple of days ago after the company reported revenue growth in the fourth quarter of 2020. Looking at the technicals, volume looked promising, and my Delta-RSI momentum oscillator hinted at running out of the downside trend. During yesterday's premarket, the shares broke out of what I see as a narrow downside channel. However, the US session eventually sent them back to retest this zone.
Today I will be watching to see if the bulls manage to push XPEV above the monthly S1 Fibonacci pivot level ($32.27; SM1 on the chart). If that happens, I will consider going long with the 20-day EMA being my intraday target, followed by a monthly pivot of $39.39 (PM).
On the downside , a break below yesterday's low will result in a return to the channel and put the Fibonacci SM2 pivot level followed by the channel center line in play.
XPEV LONG if we step out of the bearish channel XPEV could be a good opportunity for opening a long position.
Just be aware of descending channel and wait when we step out of this channel.
My Targets for TP are $54 $59 and $74.
just for funthere is not much too support my theory altough i did try to make it make sense, haha
its just for fun
BUYING NOWMany fought me when I went short
I have been long, then short and now am bullish, starting a long position again!
Gl All!...
XPENG Gap Filled What's Next?XPENG has been trading in a downward trend since November of last year. We're now down 63% from the peak in November. This big sell-off is amplified by two factors. One, restrictions on selling for long-term investors were lifted. Two, we've seen a sharp correction in tech stocks and hype stocks. We also saw the Chinese market correct by more than 10% last month.
Now the price has filled in the gap back on November 4th. This is a critical support level to keep an eye on. If the price breaks this level at 27.50, the next support level is at the next gap at 22.30. Lastly, we also have an earnings report next Monday which could bring more volatility to the stock.
I personally bought the stock today, and I'm looking to accumulate between 27.5 - 22.30.
$XPEV Gartley weekly viewSee plan fro price reversal zone, 23.15 is add spot at Lightning or ABCD pattern completion
Descending Channel Idea - Next Upside TargetsHi friends, Xpeng was one of my favorite EV companies until it dropped more than 60% from its November 2020 peak. I am sure many traders have been buying the dip and I have some good news if you are still holding.
Looking at the chart, we can see the stock filled the major gaps and found support around $25 (which was the resistance back when the stock got listed). If we look at the swing highs and clone the trend line at the swing lows, it looks like we are in a downward channel; so far in the form of ABC correction as illustrated in the chart. I anticipate we are at the end of the C correction wave and we would be heading to the top part of the descending channel in the coming days. Please keep these resistance zones in your mind to track and take profits along the way:
- Target 1: $32 - $34
- Target 2: $37 - $39
- Target 3: $41 - $43
The top of the channel would be the final target, however, if broken be ready to test all time highs though with the current apatite, I am doubtful this would happen anytime soon unless Tesla decides otherwise and pull all EV stocks with it.
Please share your thoughts.
Good luck!
XPEV - Start of wave 3? XPEV ended an WXY corrective move down to finish wave 2. Two scenarios can play out here:
1- The corrective wave is over and we are at the start of wave 3 that will take us to a price of 119 (the 1.618 fib extension).
2- the corrective move is going to extend into WXYXZ.. with the second X wave ending below the first.
Either way we should be waving a nice wave up..
XPEV bottomed out?The chart does not look as nice as tesla chart, but i believe we have a bottom here.
if want to enter place stop loss at 23.30
Xpeng: The Next Big Thing? 👽👽👽You all probably came across statements like: “If you invested just X amount in 20XX, then today you would have …”. Guys, don’t worry! We found the next big thing! After its peak in November, the Xpeng stock steadily declined, and people were quick to put it as an “all hype” story aside. We, however, expect it to turn around within the target area of $15.93 and $28.44. From there, we expect the stock to skyrocket to somewhere between $121 and $131.
Don’t miss out on this one, guys!
$XPEV Gartley update $NIO downgrade Dropped $XPEV right to our price reversal zone, looking for a hammer candle to print on daily, they could drop it one more time to 23 's, be aware, save ammo if it falls a bit more.
XPEV - daily chart - bullish gartleyXPEV formed a bullish gartley
BUY around 30.55
T1 46.69
T2 57.32
SL closing below 18.50
XPEV signal is curling up, high volume + small bodiesHi,
just came with the long idea on XPEV. Stock is oversold and recent volume shows someone is buying heavy. You may think that the candles have long bodies. But dont get fooled my friends. This is result of gap ups opening. If you try to be unbiased and clean gap up mess we will see inverted hammers/morning starts. Signal is curling up on 1D while on 4h we had crossover. I see this a great long oppoturnity. Drawn you rectangles with risk reward ratio of 5:1 - seems good :) or even more in a longer perspective.
XPEV also presented very good earning report beating the estimates.
Cheers.
XPEVMID-TERM: 4hr classic bullish divergence and daily classic bullish divergence developing, close to a butterfly harmonic. (not financial advice)
xepev ideai think these two buy zones are a good entry point, i dont expect it to move higher quickly could be a gradual ,
XPEV ready for a reversal? This EV car company in China may not do what Tesla did, but it will give you a bounce. I see it reversing somewhere in this green zone to the ATH. Not financial advice. DYOR.
#XPEV-Thank you for reading this idea! Hope it's been useful to you.
-Remember this analysis is not 100% accurate.Use it with your own risk.
-Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge
XPEV - Bullish Gartley PatternXPEV
- Seem to have completed a bullish Gartley pattern.
- AB = CD
- Confluence of multiple supports around $25, which is the high of the first day listing
- sign of stopping volume, hit a low of $25.27 and closed at $28.03, well off the low.
