Another -5% down on no news directly from $XPEV.....apart from this being clearly in Wave C and we believed this was coming down anyway, there is a lot of chat about Huawei and their own EV's and how popular this is becoming.
I wonder is this putting added pressure on $XPEV at the opening or it is simply just moving down Wave C as expected.
I still believe this comes down the 0.618 Fib at $13, would do well to hold at this level.