XPEV trade ideas
$XPEV - PT 77 in 36 days. (42% gains)Buy XPEV today. Not terrible entry point considering we are going to 77 in ~36 days from now.
Where did i get this PT? Out of my magic crystal Palantir ball called Technical Anal-isis.
Non standard technical anal-isis used here. This is my own flavor and it's usually right. No DD done on XPEV, this is all based on chart pattern magic.
Xpeng could form W pattern if we close a weekly under the pink line, we could get a bounce from the 21 week ema and and the blue line forming a w pattern. Xpeng at 39$ is a great buy
xpeng could be in dangerXpeng has validated a rising wedge in the recent days. Statically speaking, rising wedges breakdown 70% of the time.
If we continue the uptrend and go above the rising wedge, this bearish scenario is invalidated.
XPEV on its way up - $60 within reachXPEV is looking strong here. Making higher lows on daily and RSI has room to run. Above 20 and 50 DMAs
ABC BullishR noted at 61.9ish
ABC bullish patterns are calculated from the AB leg using fib levels. Long entry is a break of the CD leg with an uptrend. Stop goes under C. A can not be below C. Get OUT at D, as a rule.
Not a recommendation
XPEV IPO and future potentialOK so obviously the green arrow is a bit of a joke in this instance!
I took a position in this stock yesterday, I would be intending holding for at least two years, for me a lot of things have to play out before this stock makes it's mark.
First we have to look at the economic climate that is coming and the the way the world is going.
We do have a recession coming so it is a tough time to be a new carmaker but electric cars may fare better than their counterparts, battery density and range are getting better all the time so it means that range anxiety is quickly going.
A lot of governments will be giving subsidies to get people to change to electric for the next few years, this is already a cheap car for the spec and this will mean an attractive price in Europe.
Xpeng's financials means that it is still losing money but should have cash now to ramp up production and reduce costs.
It is hard to compare Xpeng to Li auto because Li uses state sponsored production of the cars and did not build their own factory as far as I am aware, also they have a Hybrid engine which means that if the Chinese government changes to rules and goes to all-electric future production they will have to accomodate that , presumably with quite a bit of cost.
NIO has delivered approx 40k vehicles in the same time that Xpeng has delivered 20k, Xpeng's first model is made by a contracted company but they are adding more factory space to build up their own production facility.
I think there will more than likely be a better entry point then what I got but I am long so I am not too worried, Tesla is dragging everyone along with them and lots of people who cannot afford their shares are buying into these Chinese companies hoping for some of the same success, serious FOMO out there!
I have seen people pay a lot of attention to the fact that they don't make money but either did Tesla for many years and either does NIO and that has not hurt their share price and having Alibaba and Xiaomi as shareholders isn't a bad thing in my book.
I don't have a target for this as there is very little to compare it to but I would suggest that if they ramp up production successfully in the next year (let's face it,Chinese companies can do that at rates not seen elsewhere) and they make an announcement that they are entering the European market with the P7 and possibly a smaller car to follow then we will see a 50 - 60 dollar stock in 18 months.
Anyway as usual do your own DD and I am not not a professional adviser.
To those who bought in last week I wish you all happy trading!
LONG XPEV - Buying the Dip2021 The year of EVs and Solar IMO.
Do your research.
XPEV in uptrend - should go up from here!
XPEV moves good strangle playXPEV average true range is conducive to a strangle play. I added 1/22 expiry $53-55 strangle. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
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XPENG XPEV #xpeng #stock #electriccars Another AT of Xpeng.
I hope USA won"t ban Chinese stocks.
Let me know what you think about it.
Attention fellow members of CRNE (Church of Ralph Nelson Elliot)Predicting a 6%-2% increase in price followed by a swift drop to ~44.74 and then a steady climb to 60. Please feel free to critique.
Xpeng will doubleXpeng is an acumulative phaze, we will either go directly up from here, or dip one more time due to the dollar regaining strength.
My plan is to buy a small amount of xpeng now, and buy more if it falls
