Post successful learnings and recent trades, I believe XPENG has topped this positional cycle and the monthly has printed a the pinbar candlestick. The confirmation is below last month's low point to shorten the market. Else this remains neutral. Entering a short here is riskier as bulls may push a retest. Trump's tariffs have been negative so far, which favors shorting Chinese stocks such as XPENG. But I still think this is neutral at the moment.
As this situation is 50-50 staying on sidelines is important.
Should you intend to go long then SL is $18.9
Should you go to short then SL is the last month high.
Risky in mho.
As this situation is 50-50 staying on sidelines is important.
Should you intend to go long then SL is $18.9
Should you go to short then SL is the last month high.
Risky in mho.
註釋
Turns out to be buying pressure, not sure a B/O isn't solid and pullback was the only thing to attract buyers. The weekly is great looking and it has completed 3-waves pattern with a pullback 4th. The 5th impulsive wave can be a breakout and the only way to trade is to risk 10% (SL) and hold the position.
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