Long

XPENV ready for a breakout with a min target of 64$

Updated

XPEV is doing perfect technical movements since the bounce from 22$ support. Today's movement above EMAs was critical but it fell just short of the descending trendline (can take profits here). It will correct slightly & then hit the 48$ target. From there, minimum target would be the 161.8% extension at 64$

Note: Not an investment advice. I have a long investment in XPEV.

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A big green candle to break the trendline today! Next stops are 45.6 & 48

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Beautiful brek of the trendline. It will be hard to break the 43.6-45 resisitance

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Might move sideways till the 20d ema catches up. Watch for a break above 45.6

Trade closed: target reached

It hit both targets!! 20% in ~8 trading days. Can take profits here. I expect the stock to correct slightly & fly again (no bearish sign yet, so, can wait on the sell).

Trade closed

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Remember - the long term target is 64, but closing the trade as I expect a short term correction before that

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Damn! This stock moves so fast. Correction underway already. Be ready to get in at 42.5

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Target of 64 in play earlier than expected due to an amazing earnings. Be ready to buy any pullbacks to the strong support of 48-50

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Stock exactly at Wave 3 high, unexpected, but a real good buying point

kvsrinie

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