XPEV/N trade ideas
EXPENGI don't believe the pullback is done, just yet.
I'm looking to get in at the low 40's mid 40's
Long Xpeng towards $85NYSE:XPEV
Price has touched support at $56, even dipping just under towards $55 before rebouncing.
Possible double bottom before XPeng takes off towards $85
Very possible and likely price for XPeng in the near future.
I am liking the decrement of gap between XPeng and NIO.
This narrow gap of competition would push these Chinese EV higher.
I have not been analysing Li because I prefer XPeng and NIO.
Either ways, good entry for XPeng now with potential gain of $20 per share
$XPEV Calls 75 Dec 18th ParabolicXPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The company's products also include autonomous driving software system. In addition, it engages in the vehicle wholesale and retail activities. The company was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.
Overbought Xpeng, be careful of the dipNYSE:XPEV
Update on Xpeng. Prices are skyrocketing but this is too fast. Nio is now being undervalued by Xpeng.
Price is at the highest peak of the Fibonacci retracement at 4.236.
For those who like to take risk, now is a good time to take a short against Xpeng.
For those who are holding, I would suggest to take profit before buying again at the dip.
Either ways, it is your choice.
Loving Xpeng. Cheers
XPeng Announces Vehicle Delivery Results for October 2020XPeng Announces Vehicle Delivery Results for October 2020:
• XPeng delivered 3,040 vehicles in October 2020, a 229% increase year-over-year
• XPeng delivered 17,117 vehicles year-to-date 2020, a 64% increase year-over-year
• XPeng delivered a total of 3,040 Smart EVs in October 2020, consisting of 2,104 P7s, the Company’s smart sports sedan, and 936 G3s, its smart compact SUV. The Company’s October deliveries represented a 229% increase year-over-year.
• As of October 31, 2020, year-to-date deliveries of the Company’s Smart EVs reached 17,117 units, representing a 64% increase year-over-year.
• Despite China’s Golden Week holiday in early October which affected deliveries, the Company sees strong business momentum supported by fast production ramp up and robust demand for its Smart EVs.
• It achieved a new milestone this month, completing the production of 10,000 P7s on October 20, 2020, just 160 days after starting mass production in late May.
finance.yahoo.com
XPEVBullish falling wedge, good move to the upside if the engulf holds. I expect a good move to the upside.
Now to play the waiting gameXPENG made a huge run this year and finally did it's third pullback on Elliott Wave. It's hovering around the 0.236 retracement and we not wait for volume as well as a bullish entry candle to continue trading upward. Look for volume some time around November 30th.
Long at $56 SupportNYSE:XPEV
Xpeng has been on a retracement path towards a potential support at $56.
If price reaches near $56 and forms a good rejection, price would start taking off towards $80.
In order for Xpeng to grow, price needs to fall back down and $56 would be a good price for Xpeng to fall back on.
Furthermore, if NIO were to close the gap with Xpeng, more investors would be hopping on the bandwagon.
XPEV AnalysisCongratulations to people who bought XPEV share, enjoy your 169% PROFIT that you made less than a month!!
As of now, there are still 2 buy signals present but the candles has reached at my resistance level (72.28), so it may be a good time to take profit.
If you take profit, keep watching for Engineeringrobo's candles, if the candles open-close above resistance level, you can buy again.
Or, you can wait for EngineeringRobo's sell signals to be present and sell.
Also, if you haven't bought XPEV share, you can buy when the candles open close above my resistance level (72.28) for 1D.
XPEV 11/24/2020$XPEV had a stellar run, and in just 16 trading days, XPEV stock has gained 232%! Today we saw traders took profits as expected. Price consolidation will occur, and the price will fluctuate between $61-$71 with a slight chance that it will touch the lower trendline at $53.74.
XPEV 12/4 straddle ideaI honestly don't know what price XPEV will be trading at by December 4th weekly options expiry. This company's price action in November has almost been impossible to get a handle on. With that said, it's price certainly does move. So It is therefore a good candidate for a straddle. I entered a $66straddle12/04 at 10:28am today while IV was lower from sideways movement and share price was at $66. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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XPEV Long - First target $34 and 2nd target $69Tesla of the East should Fall on the TESLA trajectory!
Possible 80 usd before 31 december?This stock has been moving without any logic if the fundamentals are taken into consideration. It is way overpriced, but who cares. As for me, I doesn't make sense to judge such stock from the fundamentals but rather we should consider the future possibilities.
If it continues to follow the trend, it will definitely hit 80 USD.
Xpeng The RocketThe electric car productions companies has entered a clear hype. This sector includes companies like, Tesla, NIO inc, Xpeng and others. In this analysis I will be focusing on the trend of Xpeng.
Xpeng has increased its stock value by far mora than 200% - emphasizing a clear hype in the stock.
Though if a buyer would be interested in entering the stock they should consider entering now when it has passed its upper line if resistance.
Disclaimer: i don't own stocks in this company
opened a long on the 11/11 at 33 usd , still cheap Chinese EV GREAT Company and play nicely the Chinese EV trend
stock already pushing to 50 and it is not the 40 x NIO SO the potential to multiple bagger is big
Not investment advise
$XPEV PT 62.65 entry PT 46.80-48 PT 90 and higherXPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. The company's products also include autonomous driving software system. In addition, it engages in the vehicle wholesale and retail activities. The company was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.
finance.yahoo.com
XPEV Price projection for next weekThere is a clear pattern over the last 2 weeks. If this keeps going on like that we should see a pullback all the way down to 48.5-49.5 by the end of the week which would be the ideal entry spot.
