dchua1969

The EV Market in China is booming

Long
NASDAQ:LI   LI AUTO INC
Some news worth knowing before you decide to partake this trade.

Read articles here , here and here.

Are we seeing an overcrowded EV manufacturer in China ? Of the 4, I am blessed to find an opportunity and invest in NIO .

I will monitor both Li Auto and XPEV over the next few months and see how their performance. You can see both NIO and TSLA are reaching a resistance level . So, it would need some correction before any trend continuation, if any.

The support for LI Auto is 14.60. There is a possibility that it might goes below that given the sanctions that US is imposing on China. President Trump's trump card is bashing China and you can see together with his team, they are relentlessly finding every opportunity to belittle, humiliate and gathering alliances around to whack China hard.

As a result, we can see over the last few weeks, many stocks like Meituan Dianping, ZA online and Tencent (to name a few ) share prices have fallen quite a fair bit.

So, exercise caution and be a little patient for the dust to settle.
Comment: It is nice to see that LI Auto and Xpeng have both broken out of the bearish trend line. Let's see if it will continue the bullish trend.
Comment: You can see all the players are moving in a symmetrical sideway market
Comment: of the 4 players, you can see clearly the NIO is leading the pack while Xpeng and Li Auto have both breaks out of the previous high. But not for Tesla which is still ranging sideway.

Go take a look at Geely Auto which has been on a tear lately...
Comment: I hope you got into one of these 4 EV stocks as they have proven to make money for you.

Comments

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