This chart shows the current situation very intuitively. The current rebound is excellent; it can be called a textbook-style rally. Today, we stepped back on the 5-day line to confirm that the breakout was effective. It will continue to rise after confirmation.
$XPeng (XPEV.US)$
Today, as long as it closes above 38.87, it can be confirmed as an effective breakthrough.
Today, as long as it closes above 38.87, it can be confirmed as an effective breakthrough.
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ZAP0531 : Big bull, not holding steady at $38.87, what's the next step?
小熊熊和大牛牛 OP ZAP0531 : The decline in volume has not stabilized at the upper end of the oscillation range, indicating that the bearish pressure is greater than the support of many parties, and the trend is weak.
Currently, the only comforting thing is the intraday downward test of the 5-day EMA, and there is a clear defense after stepping on it.
If it falls below the 5-day line in the later stages, then you can consider leaving the market as a short-term friend.
You can hold it in the long run. The future will definitely be a world of electric cars. I am very optimistic about this stock.