DailyPlay (XPEV) – November 5th, 2021

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The bullish DailyPlay for Friday, November 5th is Xpeng Inc (XPEV). XPEV is part of the Consumer Discretionary sector which has provided strong leadership in recent weeks and has gained 16.20% in the last month. Please note that XPEV will report earnings later this month.  

Technical View

• Break above $45 resistance and consolidation provides a good bullish entry point. 
• Very strong technical score (10 out of 10)
• Bullish 1M and 6M trends

Fundamental View

• 233% YoY delivery growth reported in October  
• Expected to post the strongest growth among Chinese EV makers in Q4 due to model cycle. 
• Earnings November 23 (19 days). 

As this is a Debit Spread, look to take profits at 75%-100% and cut losses at 50%:

• Take Profit: $8.14 – $9.30 Credit
• Stop Loss: $2.32 Credit

View XPEV Trade