XPEV printing a bull flag

Good morning dear padawans. After XPEV's 22% move to the upside in one day it is taking a breather and forming what looks like a bull flag. If it retraces too much the pattern is invalidated so like captains of these (at times) unpredictable tides we must watch and act accordingly. For now I am not worried. The technicals are the same as my previous chart (see link below). I added the Stochastic so we can see momentum is not bullish (lines crossed bearish and are moving down) which is in line with the flag formation. However the Stochastic is a fast moving oscillator so it can very well flip bullish sometime next week depending on how the political scenario evolves (in my opinion). Remember, the Inauguration (and the changes it brings) is around the corner so people may take some time to reassess their investments. In summary, this looks like a normal pull back at the moment but if the scenario changes I will have to change my plans as well.

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コメント:

This is the weekly chart. We are struggling with that $47.6 resistance but the price is getting super squeezed. It will eventually have to choose a direction:

コメント:

Nice breakout. First resistance to be broken was met. Next target is $57, then $60.

コメント:

Since the $54 mark has been strong resistance in the past I sold about 10% or my shares here.

コメント:

Resistance broken. Next level is $57. A retest of $54 may be in play as well.

手動でトレードを終了しました:

Closed my position at the $57 resistance. Had a good run with this one. Waiting for a good opportunity to enter again.