Li Auto has been red for the last few days but if you look at the price action its been trying to hold its own and hasn't really dumped. Somethings changing or happening right now and I believe its a balance shift. In this video I use this perfect oppurtunity to show how the ESVO can show you where Absorption has been hit, when momentum has shifted, and where...
SPY - weakness continues, failing to approach yesterday's PD high and flushing past the PD low to finish off the trading day. Gapping up this morning back into supply. Bias is short.
Li, BABA, BIDU (Chinese DRs) - strong economic data out of China offsets downbeat earnings reports. Li specifically gapping over 200 EMA, over the high RVOL earnings day wide range...
You can look at this as a H&S or a pennant reversal, either way it looks like it's headed down next week.
US market looks pretty bullish but China always does its own thing. Be careful because they trade Monday.
Horizontal behaviour - there is not trend.
There is a Potential support at 23.5 USD, If not broken, go long otherwise hold for the next support about 21 USD before going long.
bounce here and rally to 30 should follow, break of trend support zone/23.87 and look for dump to 18.50 pivot level
Boost and follow for more, thanks <3
Looking at the Li Auto options chain, i would buy the $30 strike price Puts with
2023-1-20 expiration date for about
$4.15 premium.
Looking forward to read your opinion about it.
posted analysis on june 29 warning it was very overbought and shorts will pay below 35.
today I am saying its oversold and longs will pay when we reclaimed extreme support/break trend resistance.
that is all, thanks for coming to my ted talk 😜
Li Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities. It also offers sales and after...
News prompted this stock to make a bullish reversal open today, as shown by the white arrow. The gray box highlights a bullish engulfing candle, and it is common for the initial demand to see a selloff that moves price lower. If price will rise again then there should be upside follow through in the next day or two.
RSI has a bullish divergence with price action...
Li Auto
Short Term
We look to Buy at 26.22 (stop at 24.22)
Further upside is expected although we prefer to buy into dips close to the 26.22 level. The medium term bias remains bullish. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. The bias is still for higher levels and we look for any dips...
Price is on an uptrend, and is currently having a short-term retracement to the downside to mitigate the bullish POI at 32.78. We see a bounce from this bullish POI, but price is unable to close high within the day despite relatively high volume on 1 August 2022. We could see price continue upwards, mitigating the bearish POI at 37.13 before we see a down move....
Based on moving average and trend line i believe we will see Li at 38$ very soon.
38$ is our area of interest. Reaction at $38 can send Li higher.
Buying it on leverage and hoping for the best!
This is not financial advicem
$LI opened strong today and left a long candle wick as it found some selling at previous broken HTF support and 21 EMA.
Watching to see if we can build a pivot here at the 50 MA (orange bars).
