$XPeng Inc.(XPEV)$ Closing price in Hong Kong is HKD 41.65
which is equivalent to a share price of USD 10.70 in the US market.
I believe that, according to Wyckoff Market Cycle, we are now in a period that Wyckoff calls 'throwback', i.e. a temporary correction before the price starts to go higher. This temporary period is part of the 'mark-up' phase - i.e. when institutional investors push up the stock price to benefit from accumulation which mostly they executed earlier (as it does seem to be the case).
Of course, even it may look like that, who knows? Don't take any of the above as advice! :D
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