Another prediction for this week. This time is the analysis for one of the EV companies. This bearish prediction is more towards short erm.
Let's look at its chart (kindly refer to attachment), specially for the last two candles as highlighted by the orange arrow. We can notice an obvious shooting star candlestick pattern. It appears two days in a straight, which signify a potential trend reversal.
How to identify a shooting star?
# Made up of a candle with small lower body
# Came with a long upper wick that is at least two times the size of the lower body.
# Appear in an uptrend
Below are the key takeaways:
- Shooting star occurs after an advance and indicates the price could start falling.
- It is a bearish formation because the price tries to rise significantly during the day but the sellers takw over and push the price back down towards the opening price.
With the double shooting stars candlestick pattern, it will be high risk that the XPEV will go into a short term pullback. How do you think?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Xpev is up for preorders but not sure why Nio.
XPEV is a great buy, look great thb
Ya I think same as our partners
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
XPEV popped 91 cents, or 8.4%, to 11.71, on 26.7 million shares traded on Thursday. It is breaking out of a nice base, challenging the spike high at 13.10 from December of 2022, which is the next target.
Hype is over. Shorties will regain power. Won't break through $12. 6 months of low. 4 days of high.
car volumes matter. we would be easy 30 if sales grow. technology breakthru should resonate to sales.
Are they profitable. AI now looks only profitable companies to recomend to social invesment platforms.