XPEV BULLISH 🚀🚀🚀Xpeng (ticker: $XPEV) rises in a bullish trend, forming a pennant pattern. 🚀🚀🚀
You can always make money with stocks. It's never late! Don't FOMO!!
What's your opinion? Your comments are welcome.
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Take into account that fundamentals (news) supplement technical analysis . A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity.
Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
XPEV
RVI has been held down since the start of CovidCheck the chart it's pretty clear this one is almost ready to make a massive return to "NORMAL". Enjoy. GL
Workhorse - finished accumulation, is the stock headed to 30$ ?Workhorse is one of our favorite EV stocks, one of the reasons for that is because it's been around for a while (started in 2007) and they are not just dealing with EV and EV batteries but also with Drone technology. Drone technology is expected to grow its use widely in the USA and following the announcement of the FAA that drones need to remotely identify themselves while in flight 2 weeks ago, made us the investors understand drones are getting into the mainstream technology space. It's worth mentioning here that Boeing (BA) got several contracts from the US Army to build advanced drones with minimum human supervision and a high level of AI and automation that will make drones the perfect tool for espionage and other covert missions. One last thing to mention on WKHS is their big contracts for delivery trucks with united states post office service (USPS) which we were a bit hesitant about till a few weeks ago when they announced it is going as planned.
Let’s talk about the important part – Technical:
So, this is pretty easy to understand – WKHS has been trading sideways from the beginning of December from 20$ to 23$. The stock broke resistance level on Jan 5th and the 23$ line is now our new support level, although it needs to be tested again. After the rally stock went down back to the 23$ line and now we are facing two possibilities :
1. Stock breaks through 27$ line and starts accumulating there and then touch 30$
2. Stock drops to the 20$ line and from there we will see a sideways trend for several weeks to months.
If we see the second option happening this will be a great time to do more ‘dollar cost averaging’ and buy the stock at a low price. We do not have a doubt that WKHS is crossing the 50$ line before the end of 2021 – I believe way before…
One main thing we need to watch is the volume of the stock:
avg volume last 3 months is: 14.7M
avg volume last 1 month is: 17.5M
avg volume last week is: 9M
We can see a decrease in volume meaning a lower sentiment (“Buzz”) around the stock. But I will use a quote here directly from InsiderMonkey: “WKHS has seen an increase in hedge fund interest lately. Workhorse Group, Inc. (NASDAQ: WKHS) was in 13 hedge funds’ portfolios at the end of the third quarter of 2020. The all-time high for this statistic is 10. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high.” This is big news for the stock and it means we are looking at an accumulation stage before a mark-up phase which will cause the stock to rally up again!!!
We are long on the stock and we will keep buying more in our portfolio.
Trade safe and be safe!!
FDGT Academy.
$XPEV - PT 77 in 36 days. (42% gains)Buy XPEV today. Not terrible entry point considering we are going to 77 in ~36 days from now.
Where did i get this PT? Out of my magic crystal Palantir ball called Technical Anal-isis.
Non standard technical anal-isis used here. This is my own flavor and it's usually right. No DD done on XPEV, this is all based on chart pattern magic.
XPEV printing a bull flagGood morning dear padawans. After XPEV's 22% move to the upside in one day it is taking a breather and forming what looks like a bull flag. If it retraces too much the pattern is invalidated so like captains of these (at times) unpredictable tides we must watch and act accordingly. For now I am not worried. The technicals are the same as my previous chart (see link below). I added the Stochastic so we can see momentum is not bullish (lines crossed bearish and are moving down) which is in line with the flag formation. However the Stochastic is a fast moving oscillator so it can very well flip bullish sometime next week depending on how the political scenario evolves (in my opinion). Remember, the Inauguration (and the changes it brings) is around the corner so people may take some time to reassess their investments. In summary, this looks like a normal pull back at the moment but if the scenario changes I will have to change my plans as well.
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Is $SBE ready for a test of $48? Is $SBE ready for a test of $48? Thesis negated below a close of $39.87
Use options to define risk as premium paid.
Suggested options to use: Feb 12th Weeklies $50 calls trading at $3 a contract.
XPEV up 20%; now you wish you had listened to me :)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***
XPEV strong break above $47.9; next target $51What have I been telling you kids for the past couple of weeks or so? :) As you can see from my previous charts I have been buying heavily when XPEV moved toward the trendline. I accumulated a lot of shares for a very goo average price anticipating this move up. XPEV finally broke above strong resistance. MACD is curling up, +DI is above -DI and ADX is starting to turn up, which is signaling a trend is about to emerge. Also, last time stochastic moved to the overbought level it stayed there for a long time and the price rallied like crazy. This time I think it should be similar: I think XPEV is poised to reach at least the $51 level but it could go higher depending on volume. Keep an eye on volume and move your stop losses accordingly to protect your gains in case XPEV decides to go back down again (unlikely in my opinion, given the indicators).
Safe trades!
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***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***