Chinese EV Trio 💸
@Shyon:
Following my previous article on Tesla, let's talk about China EV counters. These EV counters had been quite calm since the huge rally in July. Investors are probably waiting for this wave of correction to end before opening a new position in these stocks. So, do you think the correction wave will finish soon or the stocks will continue remain at a consolidation phase for incoming weeks? XPEV Similar to Tesla, XPeng is also forming a symmetrical triangle pattern since mid August. The fluctuation range is getting smalller at this consolidation phase I believe XPeng will have a higher chance to breakout upwards instead of downwards. It should choose its direction pretty soon. I am $XPeng Inc.(XPEV)$ for