XPEV is forming a reversal pattern perhaps following TSLA
XPEV is presently finishing out a falling wedge pattern.
As shown on the 30-minute chart, exponential moving averages
are falling and converging in the narrow area where VWAP
is trending. At lower time frames a "Golden Cross pattern"
A stop loss can be set under the double or triple bottom
with a target being the 1/2 of the way to swing high about 10% higher
based on a routine retracement. This seems to be a quality
swing long setup based on a breakout of a falling wedge
and a confluence of moving averaged and anchored VWAP
I took some call options with a strike of $ 8 and an expiration
on 12/16 while expecting over 100 % profit.
As shown on the 30-minute chart, exponential moving averages
are falling and converging in the narrow area where VWAP
is trending. At lower time frames a "Golden Cross pattern"
A stop loss can be set under the double or triple bottom
with a target being the 1/2 of the way to swing high about 10% higher
based on a routine retracement. This seems to be a quality
swing long setup based on a breakout of a falling wedge
and a confluence of moving averaged and anchored VWAP
I took some call options with a strike of $ 8 and an expiration
on 12/16 while expecting over 100 % profit.
Trade active:
XPEV stock popped. I am up 366% on my options. Cannot be greedy will take
three of them off for the bank and let the other 7 run to at least tomorrow.
I am on watch for a 50% retracement from here- if any signs of a drop I will
close the puts and send half of the profits into put options.
Gotta also watch TSLA FSR and NIO.
three of them off for the bank and let the other 7 run to at least tomorrow.
I am on watch for a 50% retracement from here- if any signs of a drop I will
close the puts and send half of the profits into put options.
Gotta also watch TSLA FSR and NIO.