The charts:
Key price zones: (see weekly line chart attached) Next longer term upsides where a bullish recovery may stall around 28 to 30. If it can fight its way through that lot 33 to 36 the next stalling up zone. Lows 17/18 look more realistic! Volume solid all the way up/down - 20 to 50.
Targets & Risk Management (See also Renko chart attached)....
Overall opinion - BEARISH
Bullish upsides: T1: 27, T2: 33, T3: 41
Bearish Downsides: T1 15 T2 10 T3: 5
Stops: Bullish 17, Bearish 22
Conclusion - from the charts its not looking great and maybe more pain to come!? I am unaware of any fundamental reasons why XPeng should show a dramatic turn about in stock price. Maybe its 2 new car models its recently highlighted may alleviate shorter term issues? Lot of local competition as well from $NIO Inc.(NIO)$and my favourite $BYD Co., Ltd.(BYDDY)$+ others also not helping.
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Best of luck with the trading,
Regards
Stephen
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Like please
Great