Li Auto ( NASDAQ:LI ) reported strong fourth-quarter earnings early Monday. The Chinese EV maker guided somewhat lower on Q1, but LI stock raced higher.
Li Auto Earnings
Li Auto earned 60 cents per ADS, up from 4 cents a year earlier. Revenue soared 130% to $5.88 billion. Analysts expected Li Auto earnings per ADS of 44 cents on revenue of $5.5 billion.
Li Auto...
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...
Looking at the Li Auto options chain, i would buy the $30 strike price Puts with
2023-1-20 expiration date for about
$4.15 premium.
Looking forward to read your opinion about it.
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...
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...
Li Auto is up a staggering 71% over the past month as the Chinese EV manufacturers continue to make gains despite Covid-19-induced disruption.
Li Auto (NASDAQ:LI) also known as Li Xiang, is a Chinese electric vehicle manufacturer headquartered in Beijing, with manufacturing facilities in Changzhou. The company’s share price dipped along with other growth...
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...
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...
Li Auto - Short Term - We look to Sell a break of 26.98 (stop at 28.34)
Trading within the Channel formation. The bias is still for lower levels and we look for any gains to be limited. Previous support located at 28.00. A break of 28.00 is needed to confirm follow through negative momentum. Risk/Reward would be poor to call a sell from current levels.
Our...
Hello dear padawans. Today we are going to take a look at LI, the Chinese car company. If you read what analysts say you may be torn between buying or waiting on this one. Here I am just looking at the chart.
Overall the outlook is very bullish for LI. All indicators on the chart are bullish on the daily timeframe. Volume today was not exceptional but above...
After fibo 61.8% retrace LI tested the upper side of the ascending channel and retrecaed back to fibo 50%.
This area is acting as an important support and yesterday' formed a Bullish engulfing candle. If we close in green today the engulfing will vallidate and it will either test the next fibo at $40 or the upper channel. If it cant break that expect a correction...
As I have been saying the past couple of weeks, after the hammer candle on the weekly chart and the close with a bullish candle last week, LI was poised to go higher. I have made good money trading the support and resistance all along as you can see from my previous charts and updates. I have accumulated a very good amount at an average price of $33.33, which...
Last week LI closed with a hammer candle, which signals reversal if confirmed by the next candle. LI also closed above the resistance trendline. The candle also has more volume than the previous 4 candles, which is very bullish.
Despite the loss in the afternoon today LI closed with a strong bullish candle. The candle peaked with 26% gains. There was some selling...
Li found support on the 21-ema and on the third consecutive time of asking it finally broke above of the $33 resistance. As you can see from past price action, the $33-$34 zone has been a strong resistance level for quite sometime now. Stochastic and MACD look healthy and curling up and I believe LI is poised to go higher but I took some profits at this level. If...
There isn't enough data on LI AUTO INC to make any significant analysis on the weekly chart but it is possible to see a hammer candle, which could mean a potential reversal depending on what the next candle prints. A green candle that closes above the hammer high would confirm the reversal. Ideally, the confirmation candle should be formed on strong volume to...
