Hey, i hope you are doing well.. I would like to congrat everyone with reversal and possible uptrend. My insight... Pros 1. Double bottom at ~22,7-23 area. 2. Break out from downtrend. 3. Lots of smart money incoming. 4. Positive earnings. 5. Positive plans for 2021. 6. Tesla's fiasco in China. Cons 1. Strong resistance areas at ~40, ~50, ~60. 2. Chip shortage...
We have good market for buyers and nightmare for holders. Now XPENG is near the supp at 25,18. What rational moves we can do here ? Why not to buy at ~25,00-26,00 in order XPENG bounces from the support. Sounds pretty logical, but what if it keeps digging the hole? We have another extra strong supp around ~20,00. And what is rational to do at this point? Why not...
Hey guys, we got tough week there huh ? I am afraid to say that it is not over. Xpeng is very close to support at 29.49 if it do not hold we are likely to see Xpeng at 25.18 or 20.21. Market before earnings is likely to be bearrish than bullish. For example Nio ;). 2 days before earnings sotck fell. So i am thinking that the real uptrend can start only after...
I see only two scenarious from there. 1. Xpeng break out ~39 resistance and goes for ~50, or.. 2. Xpeng do not break at ~39 resistance and gives another chance us to buy more at ~30 and try again :) Personally i bought at ~30, be patient, everything is just the time question.
Anyone else see that comming? Like or comn if u see that coming too..