Whale Takes Bearish Stance on Xpeng
RSI indicators also suggested that the stock may be overbought.
Quote:
A whale investor has shown a notable bearish view on XPeng, a Chinese electric vehicle company. Analysis of options history reveals 28 unusual trades. Out of these trades, 25% of investors had bullish expectations, while 75% had bearish expectations.
Specifically, there were four put trades totaling $132,002 and 24 call trades totaling $1,223,552. This suggests that the whales have been targeting a price range of $9.0 to $17.5 for XPeng over the past three months.
XPeng has seen a recent decline in the price of its stock, currently trading at $14.56 with a volume of 11,155,159. RSI indicators suggest that the stock may be overbought. The next earnings report is expected to be released in 32 days.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Lucid Group (LCID.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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German Ape : And now? i didnt sell!
Bird007 : There are no stocks in the world that only go up and down!
German Ape : This is the First! VW is behind of XPeng!!!!
ZnWC OP German Ape : The article is based on Whales option trading and RSI indicator.
ZnWC OP Bird007 : I agree.
MonkeyGee : Remember we spoke about xpeng a few weeks ago. Financial or company position has no correlation to the price. Those are used just as an excuse to justify the price. The price will go where the algo takes it or what people is willing to pay for it. Based on the short interest and the aggressive algo pump we still have alot of gas in the tank.
ZnWC OP MonkeyGee : I'm just sharing an article about whale option trading and RSI indicator.
MonkeyGee : xpeng pop must really hurt these shorties. you can easily spot them. they pump negative news on xpeng non stop. just like JPM
ZnWC OP MonkeyGee : You like to label people. We are here to share article nothing personal.
MonkeyGee ZnWC OP : your sharing seems to be one sided. I think alot of people noticed that also. I really don't want your followers to get hurt following you shorting Xpeng. xpeng has more to run and I know you don't believe that but that's what the algo says.
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