XPEV up 20%; now you wish you had listened to me :)
Updated
XPEV has been in an accumulation for the past month or so after falling about 44%. I have been accumulating and trading it for the past few weeks (check my other chart analysis). Very lucrative so far. Today it finally broke out of the $47.9 resistance and is rallying like there is no tomorrow. I am up a ridiculous amount. I could close right now and be fine for the month but I believe we are getting at least up to the next resistance, which if it continues galloping up, is $60. If you are not in this is not the time to buy. Cool off and follow me to get the best entries/exits :)
Bullish indicators:
1. breakout above strong resistance
2. Good volume
3. MACD starting its move up. Still has a lot of room to grow
4. RSI pointing up sharply
5. ADX curling up showing the trend is about to start
Safe trades!
Share the love:
If you get anything out of this TA, please like chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Bullish indicators:
1. breakout above strong resistance
2. Good volume
3. MACD starting its move up. Still has a lot of room to grow
4. RSI pointing up sharply
5. ADX curling up showing the trend is about to start
Safe trades!
Share the love:
If you get anything out of this TA, please like chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Note
Possible re-test of the $51 resistance as support. I believe we are still good but you can put your stop losses if you want.Note
If you are in doubt, place your stop loss. Also, if it moves to $51 and that level holds as support, that may be a good entry point if you are not in or want to add more shares. Always wait for confirmation though.Note
Watch very closely that $51 level. It needs to hold otherwise we may move back to previous resistance and test them as support:Note
Looks like we survived the pullback, at least for now. All indicators still point to an upward move but N\nothing is defined on these markets so always protect your capital. Also, there is nothing wrong in taking some profits on the way up even when the price looks like it will continue up. A lot of people did this morning. This pullback was also an extra buy opportunity with minimal risk since you could place a stop loss strategically below the $51 level:Note
Look how beautifully that $51 line is holding the price. It almost feels like magic we can anticipate these levels, no? That's Jedi power :). Stay tuned because nothing is certain. I believe the Imeachment trials are the reason the market is flat today. it may remain that way for several days so be patient young padawans:Note
We don't like to see the price of our stocks drop but there may be a bull flag forming on XPEV. We need to monitor and see how this pattern evolves. A bull flag is obviously bullish. That would be another indication that XPEV is moving higher:
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