Have EVs ๐๐ found their supports?๐
Recap
Last week I predicted bearish for XPEV after a crazy spike in the week before. Yes, it ended up to be the top losers of the week but its peers were weak as well.
Top pick
My first choice for next week will be the leader $Tesla Motors(TSLA)$
Tesla daily chart
Chinese Trio
As compared to last week bearish prediction, I am bullish for $XPeng Inc.(XPEV)$
Meme
$Faraday Future Intelligent Electric Inc.(FFIE)$
Good gain last week as predicted. Technically, it is forming a cup and handle pattern. Once breakout, the stock would probably trend higher next week! Do take note that this is a penny stock with high risk.
Summary
In short, I am short term bullish for EVs stocks next week. We could expect some rebound or consolidation. How do you think? ๐ค๐ค๐ค
@CaptainTiger @MillionaireTiger @TigerStars @Tiger_SG @Daily_Discussion ๐๐๐
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There are going to be way too many EVs on the market very soon. Prices will driven down and once they match standard car prices people who might not ordinarily buy one will.Margins are going to shrink. The price is now gotten ahead of itself.
Xpeng is moving in strong in the Scandinavian countries as well as the rest of EU, Sweden next and the Swedish people have already shown to prefer Chinese brands of EV over Tesla big time (conventional auto brands not even worth mentioning in this poll as its way lower), so I believe Xpeng will be huge.. Im loading up at these cheap prices..
Solid week for Li should be good for earnings. The amount of cars they are selling are very good. Bullish next week.
I know the interest rates will fluctuate and may not always be high but I haven't seen any of my investments besides TSLA really take off
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
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Nice