Xpeng Inc (US: XPEV) wave analysis indicate that there is a potential super bullish upside forming. Further technical analysis indicates and supports the wave analysis:

1. Elliott wave count indicate that primary wave ((1)) and ((2)) has been completed and currently, there is a potential wave ((3)) forming.
2. Diving into the sub-waves, intermediate wave (1) and (2) has been completed and after prices breaks above the descending triangle and the inner falling wedge (red dotted line). Indicating bullish continuation to the upside.
3. Monday gap above the range box (in yellow) close with a strong bullish candle attempting to break above the resistance line at US$47.98.
4. Rounding bottom/cup and handle is poised to confirm after prices breaks above US$47.98 resistance.
5. Ichimoku is showing three bullish golden cross formation.

*Expected timeline of the trade is 15 weeks from the date of report issuance.

CHART LEGEND

Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line