XPEV/N trade ideas
Xpev + Algos = Moon mission.xpev has been bleeding out for awhile now. we tried to catch it in the golden zone recently, but that didn't work very well and we got stopped.
the next algorithmic target sits at $29.39 (.786) and i do expect the algos to pick it up exactly there.
don't see that gap filling, but i do see a strong reversal in the days ahead if the buyers follow through.
>buy $30
>3% stop loss
XPEV Bullish gartley patternXPEV had been cool down for quite a while, and now the bullish gartley pattern is starting to take over!
In terms of the stocks that having crazy rally on the hot topic,
waiting for 0.618 or harmonic patterns to get involved is pretty much a good way to realize
"being greedy when others are in panic"
While, there are still some rooms before this pattern finishes though.
Let's see how it goes yo!
XPEV, Fib levels. long for ER playFib levels and support areas are clear but signal to me. Seel off due to the weaker market season, weak EV sector, and NIO ER sympathy. Perfect dip buy opportunity with stop loss in 28 areas and if you can tolerate more on 18 areas, and the reward is all-time high soon when the EV sector gets hot again. Immediate resistance levels are 40, , then 42.5, then VPOC at 46.7, and then 50 onward.
I'm definitely bullish about XPENG ๐๐๐The entire world is bullish about XPENG. ๐๐ฎ Don't see these black lines as precise trajectories. I don't write the future. I just respected the support and resistance areas.
You can always make money with stocks. It's never late! Don't FOMO!!
What's your opinion? Your comments are welcome.
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Take into account that fundamentals (news) supplement technical analysis . A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity.
Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
Great News For XPEVThe news was just reported that XPEV will release its new P7 sedan with lithium batteries, a battery a lot of EV companies are now adopting (companies like TSLA).
I was already bullish on XPEV, especially because they are a great company that is currently oversold and will likely make a correction to the upside in the coming days. Most likely I will add to my already existing position and hold long term. I'd first like to gauge its movement next week to see if it can hold its current support.
We could also see a break out of the pennant sooner than we thought!
You can check out the news article here -->> HERE
What are your thoughts?
Xpev Gartley HarmonicsMy take on RJleo82's & talgalimidy's discovery. I used an hourly candlestick chart, which got my points closer to matching Gartley's pattern. Although point C's retracement was less than ideal and exceeded .382, it still within a 1 Fib extension deviation causing point A to C being appx 16% off (742 sb 886). Buying Zone $32-$28, First Price Target point C $60, Second Point A $75, Third is a 1.618 extension from X at $128.
Disclosure: First attempt at charting a Gartley
Entered XPENG long. EV stocks had their time to correct.
Now it's reversal time, so let's long this baby.
RSI is so oversold the cyclical phase must begin. ATH is a definite possibility.
Inside ownership also re-instills faith all the big boys are in this great stock,
Blackrock, Goldman, JP, Shaw, CS, and finally big Mr. BABA.
Let the chart speak for itself.
(Disclaimer)
(This is not financial advice, just my opinion) NYSE:XPEV
XPEV down $20 or 33% since 1/25/21May just be moving to stronger hands from weaker hands. Could be profit taking. Or maybe overall market correction. We can't know for sure.
I've already sold my $LI, and now $XPEV is the next one I'll whack if China EV stocks (and the market) continue to show weakness.
XPEV in BUY ZONE!! FLIGHT TO THE MOON LEAVING THE STATION SOON! -The correction is almost Done. We are in a Descending Triangle Corrective Wave 2 (about to start wave 3).
- We are in a Bottom C point ready to launch the rocket, which will follow a D and E before landing on the Moon!!
-1st Price Target at $77.
-Final Price Target $100-130
-BUY ZONE AT $38-37
- Steady Low Volume signaling change of trend is coming soon!
-RSI -> OVERSOLD AREA
Good Luck Bulls!!!!
Disclaimer
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