Overbought Xpeng, be careful of the dip

XPEV

Update on Xpeng. Prices are skyrocketing but this is too fast. Nio is now being undervalued by Xpeng.
Price is at the highest peak of the Fibonacci retracement at 4.236.
For those who like to take risk, now is a good time to take a short against Xpeng.
For those who are holding, I would suggest to take profit before buying again at the dip.
Either ways, it is your choice.
Loving Xpeng. Cheers

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Updated an idea recently for a long position at $57.
Good correction for Xpeng.