XPEVTA
- Habit of gapping up and dumping before market close ( currently has done so with 786 fib)
- Currently has 2 gaps left open at 44 levels
- Incredibly heavy resistance overhead
A Trendline/.618 fib fan Channel at about 38.5-40 level
Heavily tested Fib level at 38.95
- Rising broadening wedge formed and primed to fail again
- Harmonic Bullish ABCD formed with pt at $44
Verdict - Test $34 support range (possible break below support to $30 for a Reversal at 886 fib level) then break falling wedge pattern to $44 then a retest to 618 fib at $38 then higher highs if market sentiment and volume flows
Entry - $34
Pt - $44
XPEV trade ideas
$40's incomingUsed trend lines and some predictions on this 4 hour chart. I have two EMA overlays on this chart(Fast & Slow). Fast just passed the slow which is an indicator that the stock will continue to climb. The purple lines are my own drawn trend lines and predictions. I believe this will hit 40-41$ by 4/5 or 4/6. Drew on Resistance & support as well.
$XPEV BAT @618 Pull. (Init Gartley went 50% search my charts) $XPEV haa a daily Gartley we longed from 25's has pulled to its 618% and created a Bat pattern , looking for a buy signal in prz zone highlighted ie, Pin Bar , Engulfing Candle, Inside Bar (all Patterns I post), also keeping an eye on double bottom type move w downtrend break on RSI to go give further reason to long and hold for targets and even 45+ if it get moving (Targets from larger Gartley intact still)
Aiming 382, 618, 1 from top and stop below X (always, short is opposite)
Xpeng back to up trend!?Xpeng a good stock wich was affected of corection and oportunity to trade!
Short term I recomand entry point at 39/41 price target 45 Stop lose at 37! I recomand entry after stock validate supp orange on 1H chat!
Med term entry point 30/35 price target 45+!
Long term entry point 30/25 price target 55+!
Strong support at 35!
First resistence at 40, Second at 45!
Good luck to everyone!
This it's not a financial advice!
XPEV - Good $45 - Best $70 - Bad $29.39 - Worst $17.11Previous symmetrical triangle failed. The breakdown target paid off.
Best case - 70 (if we breakout)
Good case - 45
Bad case - 29.39
Worst case - 17.11
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.