The AVWAP from the June 2022 highs now belong to the buyers!

NASDAQ:LI   Li Auto Inc.
A good long setup here with earnings out of the way. The stock gapped up on heavy volume after a good earnings report. This gap up also happened to be above the AVWAP from the June highs.

Currently the stock is consolidating after the strong run up from the $21 area all the way towards the $30 area.

In my opinion, the $26 - $27 range provides a good buying opportunity in anticipation of a move towards the $40 level.

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