There is a potential strong move here for $XPEV.
The price has pulled back to the 200 Day MA and so far holding support and potentially completing Wave 2 once it holds above $13.09.
Wave 3 as always is set at the 1.618 Fib at $39 here.
Time frames are not always reliable for EWT but price targets are....particularly the 1.618 Fib.
So if this can hold its structure.....there could be a lot of upside here next.
I remain team $NIO.
JD
2023-12-29 10:30:25 +0000 UTC