The Long Investor

$XPEV - RC -

Added 2023-06-17 12:25:53 +0000 UTC

I had no buy zone with $XPEV, it made a slightly new low at the start of June (which would validate Wave 5 being complete), when $NIO made its new low down to $7 and both have bounced together. Both may follow the same trajectory now, as both are still struggling and the market is giving confidence now that they will turn it around, production wise and recover to levels they expect to reach.

This too will need to pull back more for Wave 2, I have set Wave 1 completing here as it is a resistance level but it may continue to the next blue line at $13.11 before completing Wave 1 and then pull back for Wave 2.

As with $NIO, the pull back is important, if it holds at the normal area for a Wave 2 pull back, then the impulse wave is confirmed and upwards this will go too.

Note: I much prefer $NIO to $XPEV.