The Long Investor

$XPEV - IMPORTANT NOTE -

Added 2023-10-18 16:22:14 +0000 UTC

The 0.618 Fib at $13.67 was set for $XPEV when the price hit $23 and the price has moved down very controlled in 3 ABC waves, sometimes waves and counts do not work out as perfect as this and sometimes they do.

I can not tell you why one works out like this and the other ($NIO) struggles.

Bulls and Bears work well when their trend is clear.

$XPEV hit $13.69 today, which was 2 cent above our 0.618 Fib at $13.67. So if it is going to find support this is the ideal spot to find it, if it doesn't find support, it can come down to the next Fib and the 200 Day MA is at $12.46 right now.

Is it coincidental that $XPEV has found support just a few hours before $TSLA are due to report their very important earnings?.....a report that could alter $TSLA's own trajectory? No it is not coincidental.

Is it also coincidental that $NIO is also back to its 0.887 Fib at $8 again within just a few hours of $TSLA reporting?....no it is not.

If $TSLA beats, it will likely bring the EV market up with it......if it is a dreadful report.....then the EV market in the short term at least, will experience more pain.