XPEV trade ideas
XPEV - Strategy for the Short Term (Buy around $19 sell at $25)XPEV will be the TESLA of the east! There were two potential trajectories for XPEV. One for a a potential lower low which failed and the other which will propel XPEV to $25. Long Term XPEV would go Parabolic at some point in the future. Once it is out of the IPO consolidation phase.
Best Buy Between $18.5-19.0 per share for approximate 30% gain in month's time!
Long on 19.45 supportNYSE:XPEV
Strong selloff on Monday reaching support on 19.45. Good opportunity to take a long position leveraging on Fibonacci retracement for at least a 3:1 profit ratio. Furthermore, RSI is approaching oversold conditions.
Bullish hammer candle, Fib levelsRecent Electric vehicle sector ipo stock , Bullish hammer candle. Fib level .382 $20.1 break over would be bullish. Options flow - Over 9400 10/16 $22.50 calls bought today. EV sector was on fire monday - wednesday this week. Happy trading!!
The Case for Being Bearish on XPEVRight now, XPEV is one of those stocks I have been following for a while. On IPO day, I decided not to buy any shares due to what seemed to me uneasy activity in the market. I still feel uneasy, so in a way I'm still watching from the sidelines. The valuation is obscene compared to revenue and competitors, and the IP seems quite similar to Tesla. Even both chargers have the same style green light. I'm not accusing anybody of anything, I'm just stating what I am seeing to an extent. The designs from my outside perspective look (as someone who done product and industrial design before) look quite similar. That being said, am I still bearish? Yes! I'm shifting somewhere towards a more neutral position given now it is $20.68, but still expect resistance to increase. Currently, I'm not a fan of the way charting is and its technical setup. That being said, please proceed at your own risk. Everything I am saying is on an opinion based basis. Proceed with caution and do your own due diligence.
$XPEV is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
XPeng is a designer and manufacturer of all-electric vehicles in China.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $23,81;
take-profit — $32,03;
stop-loss — $21,07.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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