$XPEV
Added 2023-08-28 09:54:07 +0000 UTCI spoke about the $DIDI EV sale to $XPEV in the $NIO post and so far $XPEV has been performing well to this news....even though this dilutes their shares by 3.25%, however it does help accelerate their growth.
$XPEV has been working hard in the background forging partnerships and addressing their short term issues.....particularly their supply chain issues, which VW partnership now addresses.
What is different on the $XPEV chart is that it looks to be in its ABC count already, bouncing now for Wave B......we can not confirm whether $NIO is in its ABC count yet, as both possibilities are on the table for $NIO, it is either in Wave 5 or in Wave B.....I personally would like $NIO to be in Wave B as it means we are half way through its corrective wave already.
$XPEV is already above its 50 and 200 Day MA too so it is in a stronger position compared to $NIO right now too.
That being said, I still favour $NIO as a brand and prefer their tech and vehicles.
