XPEV strong break above $47.9; next target $51
Actualizado
What 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!
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***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.***
Safe trades!
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***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.***
Nota
The $51 resistance has been broken. Keep in mind that is the 1.618n fib retracement level, which theoretically should have imposed stronger resistance. The price can obviously go back down but If the it continues up our next target is $60! I would take some profits at that level:Nota
16% up and strong!Nota
20% up kids:
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