Investor’s Business Daily Video
Xpeng surged Monday on a big day for EV stocks, closing just above a 48.08 buy point from a bottoming base. That buy point is still valid, though investors could use Tuesday’s intraday high or the downtrend of this quasi-handle as alternative entries. The Chinese EV maker showed off various products over the last weekend, including a flying car. Early next week, Xpeng and rivals Nio and Li Auto will likely release October deliveries. That could be a catalyst for big gains or losses.