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11 August 2022
The first numbers are in and the XPeng G9 is off to a great start - 22,819 orders in the first 24 hours which translates to about 50% of manufacturing capacity for this model. The company sold 68,983 vehicles in total in the first half of this year and it’s working on increasing its capacity to 200,000 units per year.
Less than 0.38% of 854.7m shares XPEV used to manipulate XPEV's price.
Low volume indicates consolidation as price is getting resistance from market makers trying to keep under 27.
Similar pattern is seen in NIO.
Institutions are adding large amounts of shares during these artificially induced fear cycles.
Keep buying. Keep holding.
The technicals on charts are used to coerce retail investors to make a bad decision to sell, so you should never fall for what the charts tell you, as these can easily be controlled by algorithms...until retailers and institutions pump in bullish volume. Focus on the fundamentals, primarily products and services. XPEV just introduced the G9 SUV that can charge over 200km/124miles within 5 minutes. Innovations like this is what XPeng selling more and more products. Don't forget, for the past year, they have been building production facilities to increase to 200k vehicles a year. Preorders are already heading towards 25k for the new G9 as XPEV announced over 20k preorders this week, giving us yesterday's rally. Take advantage of these price manipulations and keep buying...keep holding. Longs will win the war.