Right now, my current 1 year target as a conservative estimate for Li Automotive is $65. That being said, I think this will continue getting momentum and garnishing higher support levels. Many analyst are bullish as well. As always, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
With the hype surrounding EV manufacturers right now, the potential for this fresh IPO to reach new highs is good in the short term. Looking to go Long if we break 17$ with target at 19-20$ and stop loss if it dips under 16
IPO intraday trading strategy idea
Li Auto is a Chinese electric-car maker.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $17,25;
take-profit — $23,80;
stop-loss —...
