Close to the Alltime Low
Updated
There is not much to say. Neither the indicators nor the chart picture indicate an immediate rise.
And the monthly chart gives an impression of a complete loser from the very beginning.
The purchase of the development branch from DiDi in 2023 gave only a glimpse of hope.
But Xiaopeng is not a loser. The sales of cars are exploding.
If there was a hype I would think that there must be reasons for the continuing drop, some kind of bad news. But there was no hype but a steady fall.
And even if there are some bad news they can not eradicate the glorious success of the company for years.
Now we are reaching the alltime low of 2022 again which may provide some hard support to the share. Good time for the market to take reality into account.
And the monthly chart gives an impression of a complete loser from the very beginning.
The purchase of the development branch from DiDi in 2023 gave only a glimpse of hope.
But Xiaopeng is not a loser. The sales of cars are exploding.
If there was a hype I would think that there must be reasons for the continuing drop, some kind of bad news. But there was no hype but a steady fall.
And even if there are some bad news they can not eradicate the glorious success of the company for years.
Now we are reaching the alltime low of 2022 again which may provide some hard support to the share. Good time for the market to take reality into account.
Trade closed: target reached
I am taking part of the profit now.Trade active
I am still long with another part of the position. There is no hurry.Trade closed: target reached
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