Technically its better than other competitors 
NIO 
XPEV but RSI and MFI indicators are overbought - perhaps slow down then move up targeting 36 then 41 . Stoploss for bulls is little far away above 21 . Normally similar patterns takes weeks to arrive destinations. if broad markets pulled back then it will be nice entry above 21
There are 2 scenarios : Consolidations slowly above 23-21 then moves up during 3rd quarter . OR continue moving up towards targets before summer. 3rd scenarios is unlikely :)
NIO XPEV but RSI and MFI indicators are overbought - perhaps slow down then move up targeting 36 then 41 . Stoploss for bulls is little far away above 21 . Normally similar patterns takes weeks to arrive destinations. if broad markets pulled back then it will be nice entry above 21 There are 2 scenarios : Consolidations slowly above 23-21 then moves up during 3rd quarter . OR continue moving up towards targets before summer. 3rd scenarios is unlikely :)
Trade active
Perfect- the best setup among others Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.