XPEV has been severely oversold. The stock hit fib extension of 200% at $15.07. The stock can bounce from here and head back to $21 with the overhead resistance at $18.
Target 1 - $18
Target 2 - $21
Risk - unable to get pass $18.
Disclaimer: Not investment advice.
If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
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,...
Price took the lows at 18.01 as analyzed previously. Right now, we should see a spring forming according to the Wyckoff accumulation schematic. Volume is decreasing on the down move, we should see a break of market structure to the upside to confirm the spring.
Price played out beautifully as analyzed in the previous weeks. My first analysis on 21 July call for a decrease in price to take the selling climax at 18.01, at 30% drop in price so far. Currently price is very near the selling climax at 18.01. However, it's good to note that price has already grabbed sell-side liquidity. We could see a potential retracement up...
Ticker Symbol: $XPEV
️Timeframe: 4H
️TRIPLE BOTTOM
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
TRENDSI ATS MONEY MOVEMENT SHIFTING UP : BULLISH
LINEAR REGRESSION + TRENDSI: AT THE BOTTOM, WHICH IS AT THE SUPPORT
RSI OVERSOLD AND STOCHASTIC SHOWING BULLISH MOVEMENT.
CONFIRMATION I AM WAITING: TRENDSI ATS GREEN LINE WITH GREEN DOT
Follow for daily stock,...
No changes from previous weeks. Price is currently on an accumulation Wyckoff schematic. Price mitigated the bearish POI at 34.46 and is on a downtrend. I'm expecting price to go lower, taking liquidity at 18.01 to form a spring.
Price is playing out as analyzed previously. My expectation for the price is unchanged. Price is on a downtrend and is currently reacting to the bearish POI at 34.46. The price is also in Phase B of the Wyckoff accumulation schematic. Price is currently on a downtrend, taking out the sell-side liquidity built. I expect the price to grab the liquidity at 18.01 and...
Price is on a downtrend and is currently reacting to the bearish POI at 34.46. We do have a small fair value gap at 36.92 that could be filled.
The price is also in Phase B of the Wyckoff accumulation schematic. Price is more likely to go down and take out sell-side liquidity built. I expect the price to grab the liquidity at 18.01 and create a spring for a...
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
(1)
Entry Price: $27.81
Target Price: $27.10
Stop Loss: $28.52
(2)
Entry Price: $27.05
Target Price: $26.47
Stop Loss: $28.02
#XPEV Breakout 🚀 in 1h Chart - Target 40$ 🧲
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA ✅
2. Positive Supertrend in 4H Chart ✅
2. Consolidation Phase in Uptrend > 8 days ✅
3. Breakout on above average Volume ✅
The downward trend is expected to continue.
Possible all time low - between around $9.54-$10.80
DISCLAIMER: This is an idea only and we are not responsible for any profits or losses arising from trading.
After trending up this rising wedge here we have finally seen some rejection. This could be gearing up for another drop lower if XPEV cannot pop above 33$ and hold we are in for another leg lower. Bearish rising wedge. Break down 70% of the time. Probabilities are high for this to slip and lose support. Be cautious. Prepare shorts Target 25$ and 18$
It was apparently last year but having such little history, in a nascent market, the data points couldn't be trusted, yet. However I took a large position in Xpev over NIO for a few reasons.
1) They are not competitors, from a price point perspective. Xpev makes a car by my estimate 90% as good as NIOs and 80% as good as Tesla, but they sell for 50-60% of the...
