XPENG INCLong
Bottom Zone
Updated
We are in a broad bottom zone that has begun to be built in the end of March already
There were chances for short term traders espcecially at the end of April to the end of May when Xpeng tried to beak out of the range. Finally the range has been confirmed and may be considered as bottom building . The Bollinger Band is confirming the undecidedness of the market at present. Thus everything is posssible from here. But as I consider Xpeng being a healthy company and the stock had lost about 90 % of its top prices I prefer the upside to be challenged.
Mind that the present support is in force since October 2022 already which was the Covid low.
There were chances for short term traders espcecially at the end of April to the end of May when Xpeng tried to beak out of the range. Finally the range has been confirmed and may be considered as bottom building . The Bollinger Band is confirming the undecidedness of the market at present. Thus everything is posssible from here. But as I consider Xpeng being a healthy company and the stock had lost about 90 % of its top prices I prefer the upside to be challenged.
Mind that the present support is in force since October 2022 already which was the Covid low.
Trade closed: stop reached
Stop reached.
Nowadays they require a comment for each update. What shall I write when the stop has been triggered? Stop reached. Nothing else to say. They rub my time.
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