Xpeng – [ Watching For The Break ]

8th December, 2020, 10:24 PM

Xpeng – [ Watching For The Break ]

Chart Source:Tradingview.com

Xpeng or Xiaopeng motors is a Chinese electric vehicle manufacturer. It peers like Nio, Li Auto are also listed in the US.

We shall take a look at Xpeng for tonight. From the chart, it is currently being resisted by the downtrend line and we’re watching for this break and for it to stay above it. A good break above $51.36 might see it move to $57 and maybe even to $64. Xpeng has corrected about 30% since the high which is a good and healthy correction. Scaling in in batches might be something we would consider doing. The support is at around $50 then $46.

Watch For The Break!