XPEV trade ideas
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
Pennant Breakout?Needs some volume to push thru pattern top. My entry would be 54$ with first target.
Second target 64.68
Long Idea - Continuation of TrendHello friends, I will keep this idea short as I have outlined all the analysis in the chart itself. Basically the stock broke out of an inverse head and shoulders with big volumes after which the price came back to test the broken H&S neckline and upward channel. I expect a rebound within next week to the target zone identified in the chart.
Good luck and thank you for the support!
Xpev swing-trading week 3.My swing-trading setup for xpev week 3 on a 4 H chart frame.
Rsi and 22 days EMA stills looks good.
Daily and 4H chart frame is a BUY.
XPEV - 4H - UPWARD BOUNCEPossible break of bull flag to the upside. Bottom of upward trend. Stochastics oversold.
$XPEV ELLIOTWAVE WAVE 5 PUSHWave 4 seems to be near completion, looking for a strong bounce off this trendline/.5 fib wave 3 retracement
$XPEV BreakoutI believe $XPEV breakout the downtrend. It is following $NIO trend.1st target $51 and second is $60
