Rebound of Chinese Trio EV Makers
Carried by the EV leaders and bullish investment sentiment in Hong Kong and China markets, the famous Chinese EV trio rebounded strongly during Friday's trading session. Let's look into the technical analysis and prediction for these stocks movement next week.
Chinese EV Trio - Nio Xpeng Li
Nio announced on Thursday that it entered into strategic cooperation with Lotus Technology on charging and swapping. The announcement was made at the 2024 Beijing International Automotive Exhibition. The two companies plan to carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping, including battery standards, charging and swapping technologies, battery asset management and operations, service network construction and operations, vehicle R&D and customization, and connectivity.
Nio daily chart
Technically, Nio successfully broke up from its downtrend line (drawn in Orange on the chart above) since early last week. Then, the stock began to rally, with a significant gain on Friday. For such, I am bullish for Nio $NIO Inc.(NIO)$
How about Xpeng? Xpeng has a very similar chart pattern as Nio. The share price plummeted since mid March after it broke down below the uptrend line. Until recently, last night to be exact, Xpeng stock successfully broke out from the downtrend line resistance. The breakout with gap up and big volume might represent a potential trend reversal for the stock. My prediction for XPEV will be the same as Nio, I believe Xpeng $XPeng Inc.(XPEV)$
Xpeng daily chart
Let's end with Li. As compared to Nio and Xpeng, Li Auto has a weaker chart, as the share price has not yet broken out from the orange downtrend resistant line. Moreover, it has a major neckline resistance at 26.53 to overcome as well. I will remain bearish for Li Auto $Li Auto(LI)$
LI Auto daily chart
How do you find the rebound in Chinese EV stocks recently? Do you still have your faith in Chinese stocks as most of them are suffering over the years? Come and share your points of view with us ya!
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT
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中国电动车类股技术分析与预测
蔚来（蔚来）：
蔚来成功突破下降趋势线，开始反弹，周五大幅上涨。
强劲的看涨势头可能会继续，蔚来的下一个目标价在5.30美元左右，这意味着比当前价格有17%的潜在涨幅。
小鹏汽车：
XPeng的图表模式与蔚来相似，股价自3月中旬以来暴跌，但最近突破了下降趋势线阻力。
突破，伴随着缺口和大交易量，表明该股潜在的趋势反转。
对XPEV的预测也是看涨的，预计下周将继续上行。
理想汽车（李）：
与蔚来和XPeng相比，理想汽车的图表较弱，因为股价尚未突破下降趋势阻力线。
26.53美元还有一个主要的颈线阻力需要克服。
李的前景仍然看跌，直到股价突破上述阻力位。
分析摘要：
蔚来和XPeng显示积极的技术指标，蔚来的看涨势头更强。
理想汽车的图表显示了一种更谨慎的方法，因为它尚未显示出明显的突破。
考虑可能影响中国电动汽车行业的整体市场状况和新闻发展非常重要。
请注意，以上分析是基于技术指标和历史价格模式。在做出任何投资决定之前，进行彻底的研究并考虑其他因素是至关重要的，如基本面分析和市场情绪。
免责声明：上述分析和预测仅供参考，不应被视为投资建议。投资股票涉及风险，在做出任何投资决定之前，做好自己的研究并咨询合格的财务顾问是很重要的。
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