Preliminary Support (PS)
The first significant rally that occurs after a prolonged decline that indicates budding demand showing up. It is usually associated with a minor panic preceding that rally.
Selling Climax (SC)
A major panic that occurs at the end of a steep decline in prices. In its classical form it is typified by large range reversal in prices...
Falling Wedge in XPEV!
It's important to wait until it breaks CLOSING above the resistance trend line. Be patient and you could get a bullish trade with high risk/reward ratio!
SL: All time low
TP: $12, if TP hit, you could use trailing stop, and get a even better trade!
Price failed to hit the bearish POI at 12.86 before going lower, but it still played out well according to my analysis. Price is not playing out according to the wyckoff accumulation schematic as analyzed for the past few months, and is currently on a downtrend. I'm expecting price to make a bullish retracement back into the bearish POI at 12.86 before continuing lower.
1. Falling wedge on weekly timeframe. Potential breakup.
2. WT_LB and CM_Williams_Vix_Fix indicate potential oversold position.
3. Based on sample of accumulated population data such combination of variables work out in 86% of cases.
4. Potential range for starting position accumulation.
5. Compared against NIO and LI. Relatively oversold position.
Just my...
Price is currently on a downtrend. I was expecting a spring to be made here according to the Wyckoff accumulation schematic. This idea has been invalidated. Right now, we should be looking at a continuation lower after a bullish retracement to mitigate the bearish POI at 12.86.
What an absolute disaster! I thought 15.40ish area would provide a good support but it provided a day of relief that traps a lot of bulls. How wrong I was to think that it was a good support.
The only next area of support left is $10.54. And it's a weak support and if it fails, $4.30 is next. Let's hope it doesn't happen.
The stock has been bouncing around...
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing,...
XPEV is in a bearish state but that could change quickly as price hits the middle line of a dominant bearish channel
Previously this line has been as a point of support, twice (double bottom)
Price has consolidated last week. No changes to my expectations this week. Right now, price is making a spring according to the Wyckoff accumulation schematic. From here, I'm expecting price to break market structure to the upside. If the bearish POI at 18.18 holds, then we should be looking at a downtrend, invalidating the Wyckoff accumulation schematic.
What is the most probable scenario for XPEV?
XPEV's move from 22.73 to 47.98 has recovered 50 % of its major drop from 74.49 to 22.73. Mentioned drop is showing a remarkable 5 down going waves which can be labeled as wave A. ( wave 1 is also possible but we skip this alternative for now). last up going wave ( from 22.73 to 47.98 ) can be just wave A of B which...
Are we market makers ? Of course not! Any hidden information we had? Of course we did not . How could we predict a stock path 7 months ago?
Is there still any doubt about possibility of Mid term and Long term prediction of a stock or the market?
First, lets look at what we saw on the chart seven months ago ! and our prediction :
Trading view's page...
If the general sentiment of the market improves a little and moves towards correction, this Chinese carmaker will be a good option in the coming days.
Short to medium term strategy
The first Chinese carmaker to add an automated driving system.
Technical Bollish Engulfitg --> Await confirmation and enter.(breaking through the recent high candle)
Price is playing out according to my analysis. Right now, price is making a spring according to the Wyckoff accumulation schematic. From here, I'm expecting price to break market structure to the upside. If the bearish POI at 18.18 holds, then we should be looking at a downtrend, invalidating the Wyckoff accumulation schematic.
Price played out according to what was expected last week. Right now, if this is a Wyckoff accumulation schematic, we should see price breaking market structure to the upside. We also do see volume increasing on the last down move, unable to push price down. I want to see a break to the upside with volume for confirmation for longs.
