Long Xpeng towards $85

1 בדצמ׳ 2020

XPEV

Price has touched support at $56, even dipping just under towards $55 before rebouncing.
Possible double bottom before XPeng takes off towards $85
Very possible and likely price for XPeng in the near future.
I am liking the decrement of gap between XPeng and NIO.
This narrow gap of competition would push these Chinese EV higher.
I have not been analysing Li because I prefer XPeng and NIO.
Either ways, good entry for XPeng now with potential gain of $20 per share