$XPEV
Added 2023-11-08 16:11:00 +0000 UTCTaking a hit today but you need to remember that this has ran from $13 to $18 very quickly and a pull back to the 50 and 200 Day MA at the same spot is not a bad thing to see here.
So far the green impulse wave is valid here as Wave 4 has not infringed within any of the area of Wave 2 (Lesson 3) so it can bounce from here.
If the price goes below $15.40 then it has infringed and this bounce up was in 3 waves (ABC in red as shown) and this is coming down lower, likely under the blue line again at $13.11.
I think if $XPEV can push higher, we may see $NIO following this too.
Comments
$NIO has bounced well since the buy zone and making higher highs and higher lows since. These are signs of reversing....$XPEV I believe is a far ahead of $NIO right now
Gareth Neary
2023-11-08 16:15:56 +0000 UTCRespectfully, Nio and Xpev have been totally disconnected. Xpev has been gaining consistently while nio has lagged and at all time lows .
Steven
2023-11-08 16:14:11 +0000 UTC
