long on robotics XPEVXPeng, Inc. ADR Sponsored Class ABATS:XPEVlukeSDZ1. Formation and Trend The chart shows a rising trendline (green) starting from the lows around April 2025. → This represents a medium-term uptrend, confirmed by several bounces off support. The price is currently above the trendline but below strong resistance at around $23.70 (red line). 2. Price Structure The candle pattern resembles a rising wedge or upward channel, which often signals an upcoming decision point — either a breakout or a pullback. Each attempt to break above $23.7 has failed so far, making that level a key resistance zone that has now been tested three times (a triple top zone). 3. Psychological / Pattern View The structure closely resembles an ascending triangle — higher lows, repeated resistance at the same horizontal level. ➡️ Statistically, ascending triangles break upward more often than downward, but confirmation through volume increase is essential before assuming continuation.