Li Auto at 61.8% fib? Li Auto
Short Term
We look to Buy at 26.22 (stop at 24.22)
Further upside is expected although we prefer to buy into dips close to the 26.22 level. The medium term bias remains bullish. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. The bias is still for higher levels and we look for any dips to be limited. Expect trading to remain mixed and volatile.
Our profit targets will be 31.17 and 44.10
Resistance: 32.00 / 36.90 / 40.00
Support: 26.20 / 22.22 / 18.90
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LI
LI ready for the next leg? Li Auto
Short Term
We look to Buy at 36.56 (stop at 34.78)
We look to buy dips. The medium term bias remains bullish. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. The bias is still for higher levels and we look for any dips to be limited. Expect trading to remain mixed and volatile.
Our profit targets will be 41.22 and 44.10
Resistance: 42.00 / 50.00 / 60.00
Support: 37.00 / 32.60 / 25.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Doji Central on Li Li Auto
Short Term - We look to Sell at 23.77 (stop at 25.22)
Preferred trade is to sell into rallies. The medium term bias remains bearish. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The bias is still for lower levels and we look for any gains to be limited. Expect trading to remain mixed and volatile.
Our profit targets will be 19.01 and 16.22
Resistance: 24.00 / 30.00 / 35.00
Support: 20.00 / 17.00 / 15.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Li Auto: Scope to move lower? Li Auto
Short Term - We look to Sell at 22.46 (stop at 24.15)
Preferred trade is to sell into rallies. The medium term bias remains bearish. The trend of lower highs is located at 29.60. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 16.90 and 16.22
Resistance: 22.50 / 25.00 / 30.00
Support: 100.00 / 17.00 / 15.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
XPEV the real Tesla of ChinaXPeng is beating Nio and Li deliveries.
Xpeng 12,922 deliveries in January Market Cap 29.562B
Nio 9,652 vehicles in January Market Cap 36.79B
Li 12,268 Li ONEs Market Cap 27.712B
They have cheaper cars and Ark invest keeps buying XPEV stock constantly.
In the chart, the price bounced from the strong support of 31.5 and is heading to the $41 resistance.
Looking forward to read your opinion about it.
LI small long positionElliott Wave count I’m following:
White = I’m doing a larger degree ABC count
--> Target upside is $58 longer term
Green = Looks like coming off wave (ii) retrace around $27.73. Green count is within White C.
--> Target upside $40; $50
Light Blue = smaller degree count within green wave (iii). Counting that we put in light blue wave “i” and wave “ii” and we are potentially starting a blue wave "iii". This would align with EW theory that wave 3's are most powerful, indicating the strong move potential to get up and over the red down trend resistance line.
--> Target upside $38 for light blue “iii”; potential $45+ for longer term light blue “v”
I’m just in a small, long call spread weeks out. The yellow dotted line represents potential EW count invalidation for light blue below $29. Below $27.73 could be considered as overall invalidation and price movement creating overall different structure
LI Auto reduced delivery outlook for Q3LI Auto announced a reduced outlook on its vehicle delivery volumes for Q3.
The previous guidance from Li had deliveries of 25,000 to 26,000 for the third quarter, but it now expects 24,500.
My price traget is the 22.8usd support.
I expect a correction in other Chinese EV stocks too.
$JDRI camped out watching this for months then when it pumped i hadn't allocated the $$..
ANyways.. loks like an entry imho maybe. DYOR!
The worst has yet to come for the EV Mania..! Have you ever asked yourself how much these small companies other than Tesla would compete with big names which showed up with their fully electric cars in the 2021 Auto shanghai show??? Especially Toyota bz4X and Volkswagen?
Some may think after a 60-90% price crash there is nothing left for more correction, but I believe many companies will file for bankruptcy in less than the next 5 years! So it is better to Forget the return to time highs and take what is left. Even Tesla will experience a huge correction.
Tesla's market cap (660B) could not be more than Toyota's(210B), time will prove it..!
Keep in mind a bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Educational article:
Bubble:
www.investopedia.com
The Future of EV makers stock Price..!There is no need to say Tesla is the best EV maker in the world, but it doesn't mean its current market cap of 676 billion dollars (share price 704 USD) is not far above what it should be!
Lets first define Bubble:
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.
This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Bubbles are typically attributed to a change in investor behavior, although what causes this behavior change is debated.
all EV makers Stock price is lower than half of their price in comparison to 3 months ago.
Please read my EV makers analysis on February 18th, 2021 about the inevitable correction in EV makers' stock Price!
Post-EV-Bubble era!
I believe tesla makes the Gold standard for other EV makers, and all other tries to compete with Tesla, but don't forget, Toyota, Volkswagen, Daimler, General Motors, Ford, Hyundai, and Kia.
Conventional automakers upgraded themselves, and their new fully electric cars are on the roads or coming soon! This may not be worrisome for Tesla but could cause a huge negative impact on smaller EV makers specially NIO.
Sooner or later everyone will find out a company that produced 100k EVs so far can not have a 67.5 billion dollar market cap.
you may ask why??? Because Toyota motors with +10 million car/year and +300 million car production from its early start, has a 213 Billion dollar market cap..! Don't forget Toyota produced more hybrid car than any other company, and recently Lyft and Toyota Canada, in partnership with Toyota Credit Canada Inc., are teaming up in Metro Vancouver to make the Toyota Mirai — a hydrogen-powered, zero-emission vehicle (ZEV) — accessible to drivers on the Lyft platform through Toyota’s new KINTO Share program.
KINTO Share is a carsharing service that offers hybrid and fuel-efficient Toyota vehicles. Drivers who are interested in renting a vehicle while earning with Uber or an approved delivery provider can rent KINTO Share vehicles hourly or weekly.
Now, Let's compare EV makers' stock prices to Tesla. (Fisker, NIO, Xpeng, Li Aouto, CCIV)
NIO/TSLA:
FSR/TSLA:
CCIV/TSLA:
XPEV/TSLA:
LI/TSLA:
All and all, my long-term view for Tesla Stock is bearish as it was since early February 2021, but for others is even more bearish!
Moshkelgosha
Only time shows the caliber of an analyst ad his analysis..!On February 18th, 2021, I publish analysis about the Market front runner industry (EV makers), seems exhausted ..!
After 5 weeks, it is time to review it 100% accuracy in 10 symbols is not speculation..! It is science and trading base on evidence..!
they are way above their value and in the coming months, you will see how far they could go down..! I will review it in the future..!
NIO Swing Trade IDEANIO is one of my favorite EV plays as the sector took a big hit in the beginning of march. NIO has a advantages in China compared to its competitors.
NIO says that the worldwide chip shortage is going to effect production in Q2 and that they’ll make fewer vehicles. However earnings overall were okay and balance sheet healthy. Deliveries dropped a bit in February.
Still very bullish on this stock and was able to fully create my swing position today.
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