XPEV collaborating with VW = China EV on fire !

XPEV is trending up. It is Chinese in the biggest EV market on the planet.

No import duties. Low-interest rates on debt and consumer auto loans here

as the government is doing the opposite as the US fed. Now the collaboration

with VW which has legacy excellence in manufacturing with XPEV whose

forte may be technology and autonomous driving innovation. On the 2H

chart, the stock price jumped fast and hard on the news catalyst. The

MACD launched signals over the histogram and the Volume Price Trend

screamed higher. This all spells momentum. While there is a risk of a downfall

reversal and drop as they saying goes make hay while the sun shines.

There may be shadows of short selling squeezing here. Time will tell. For

sure being late to the party is sometimes a waste of time. The real show

will be watching XPEV/ VW competing with both NIO and TSLA in China.

To the victor goes the spoils. Hold on as the ride will have some bumps.