XPEV: Trade idea
Updated
Hey traders, today ill share my trade plan for XPEV:
Conditions:
I'm currently in March 5 50c and looking to average down today so long that the above conditions are still in motion. My gartley is little bit over extended, my PT is around 56-62 by March 12. If this turns out to be bearish I'll be looking for an ultimate support zone of 43-44 and then I'll likely play weekly puts so scalp my loss from the calls.
Sorry for the inactivity btw guys!! Very busy but after the GMAT I'll be back stronger than ever :)
Conditions:
- 46.19 fib line cannot be broken
- Big volume must confirm upward trend
- Using earnings as catalyst
- Nio + Li sympathy
I'm currently in March 5 50c and looking to average down today so long that the above conditions are still in motion. My gartley is little bit over extended, my PT is around 56-62 by March 12. If this turns out to be bearish I'll be looking for an ultimate support zone of 43-44 and then I'll likely play weekly puts so scalp my loss from the calls.
Sorry for the inactivity btw guys!! Very busy but after the GMAT I'll be back stronger than ever :)
Note
Out of the calls with a 22% loss. In shares. 1/4 of my position avg cost: 45.95
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