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XPEL Bullish Trend Until August 18

Written By: ChartChamp

July 17, 2024

XPEL has a nice trade setup within this bull pennant. This is a 90-100% ROI swing trade to the upper range of the pennant. The sell target will vary depending on how long it takes to reach the trendline, and will decrease over time since it’s sloped downwards. The seasonality trend is bullish until August 18 so there is plenty of time for XPEL to rally here.

Most bullish weeks:

  • July 22: 86% bullish rate, 7% average gains
  • August 5: 71% bullish rate, 4.3% average gains
  • August 12: 71% bullish rate, 10.5% average gains

Buy zone: $35-37

Sell targets:

  • Exit by August 18 if swing trading
  • Exit at the upper range of the bull pennant if holding as an investment.

Stop loss:

  • 3% below entry price
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