XPeng Inc.Long
Double Bottom at XPeng Inc. (XPEV)
The Chinese manufacturer of electric cars, which clearly, at least, look better than Tesla :)
On August 26, XPeng reported good revenue.
According to the technique, we have a beautiful double bottom, takeaway and at the moment accumulation, which is held from above by the resistance line.
The nearest target for the Fibonacci extension (and visually) is 59.06. You
can try to open a long position with a small volume now with an eye to averaging on support.
Or wait for the breakout of the trend line and still get a good movement up to 59.06 (~37%).
On August 26, XPeng reported good revenue.
According to the technique, we have a beautiful double bottom, takeaway and at the moment accumulation, which is held from above by the resistance line.
The nearest target for the Fibonacci extension (and visually) is 59.06. You
can try to open a long position with a small volume now with an eye to averaging on support.
Or wait for the breakout of the trend line and still get a good movement up to 59.06 (~37%).
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