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?
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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?
很棒的文章，愿意分享一下吗？
Great ariticle, would you like to share it?
XPEV週四交易2670萬股，上漲91美分，至11.71美分，漲幅8.4%。它正在突破一個不錯的基礎，挑戰2022年12月13.10的高點，這是下一個目標。
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.