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!
Yours
Humbly
Kelwin&Roy
