NASDAQ:LI   LI AUTO INC SPN ADS ECH REP 2 ORD SHS CL A
Li Auto was looking very good to me, but now I'm not so sure. Typically, the textbook Bull Flag that it created would already have experienced a breakout. The elongated symmetrical triangle is also not sending any clear signals of which way it'll go. With volume low and earnings looming, we have seen LI find support and cool off. I still remain bullish behind the company. Expecting breakout in the coming weeks, especially behind good earnings . Only Time Will Tell. *NFA*

Comments

After this Friday, investors will realize the value of Li among the top 3 EV Chinese companies. Right now is a BUY!
Reply
MrxMvP gabochanusa
@gabochanusa, you and I are definitely in agreeance.
Reply
News late last week talked about a shortage of semi conductor chips that are used in the auto industry. With delays in chip delivery to auto makers around the world, auto production has slowed and in some cases stopped until the backlog of semi conductor chip orders are received. I also like Li Auto, but this sideways pattern may continue for a while. Unless China is sitting on chip reserves for their own auto market ?
Reply
MrxMvP eaglekeeper57
@eaglekeeper57, It's all about PAYtience at this point. I remain long on EV and semiconductors. I'm willing to wait it out.
Reply
@MrxMvP, I understand, i am also bullish on the future of the EV market over the next 5-10 years. However, until the curent down/sideways trend changes to a more upwardly direction, i will seek profits elsewhere in the meantime. :)
Reply
eaglekeeper57 eaglekeeper57
Friday's earnings may come in line with estimates, but with current conditions ( Semi conductor shortage causing production slowdowns ), the next 2 quarters will come in with lower numbers. Li Auto price was down 6.7% today, and down 19 % over 1 month. Over sold ?, maybe. Undervalued ? , sure. Where is the catalyst for current trend reversal ?
Reply
MrxMvP eaglekeeper57
@eaglekeeper57, It is very optimistic thinking to expect earnings to be that catalyst. I believe the semiconductor shortage is having such a huge impact on the general markets that something will be done to correct it one way or another. EV is big focus of the current administration, which also leads me to believe they will create the necessary catalyst for the trend reversal. Obviously, I'm speculating and this could all go opposite of my expectations. Only Time Will Tell.
Reply
@MrxMvP, The reversal will happen, as you say there is a big focus to make a change to EV, and not just the US, its happening world wide. Lets keep watching, once the semi conductor issue starts to improve, the money will start to flow back into this company. :)
Reply
Agree. I'm also long for the same reason - bullish chart. It looks like big money are somewhere else at this moment, not in EV. (Checking XPEV, NIO, BLNK we see the same weakness). Expecting rotation back into this sector. I don't sell LI
Reply
MrxMvP AnaBloemkool
@AnaBloemkool, PAYtience
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out