$XPEV - RC -
Added 2024-01-17 19:06:49 +0000 UTC$NIO is in good company at the moment, the relentless selling pressure is clearly visible on the $XPEV chart too and since losing the 200 Day MA, it has been sinking through the Fib support levels and is drifting down to the final Fib support at the 0.88 Fib at $9.22.
A failure to hold here and it is down to the blue line at $7.48 to test the lows again.
$XPEV structure is still slightly better than $NIO as it has not made a lower low since the summer but both are in need of a market reversal from the Hang Seng Index.
I suspect when this happens, both $NIO and $XPEV will recover together.
Comments
rather dun touched any china stocks. government is putting so much risk.
Jedi
2024-01-18 06:19:19 +0000 UTC
