Closed on its trendline but got rejected 4 straight times at 48$ which has now formed a pennant. So the pattern is there but Xpeve will need some volume to push through there.
Right now there's no more room for rejection against that 48 , meaning if we don't break above tomorrow chances are we'll lose that trend support and will be headed back 42$ where there is Ema 21 support +Fib.
Should we fall below that i think 40-38$ would be max pain.
A break above and close above 48$ and the next target would be 60$.
So can xpeve breakout this week or will it take earnings later on in the month?
Right now there's no more room for rejection against that 48 , meaning if we don't break above tomorrow chances are we'll lose that trend support and will be headed back 42$ where there is Ema 21 support +Fib.
Should we fall below that i think 40-38$ would be max pain.
A break above and close above 48$ and the next target would be 60$.
So can xpeve breakout this week or will it take earnings later on in the month?
