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...
$LI Breakout in 1h Chart on above average volume after consolidation phase - Target 37.5$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
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...
Price still inside the yellow channel ,
(16.75$ -18$) is a good buying zone
We’re targeting : 25$ in the next 5 month
In general Li is one of the best electric car in china , having a great numbers ,
company for future
@REVENUE_JO
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...
Elliott 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...
#LI price action is trapped in a range at the end of this range I am starting to see some bearish momentum we could see price action break the bottom of this range and continue to the downside.
NASDAQ:LI
It looks like there's more pain on the way come in for LI considering a key Gann angle has been breached and support was also broken. Keeping an eye on this one - Could be a good short opportunity
Li Auto bounced really hard back in May, just published Q3 results today, which was better than expected. This could help Li to move up more, first target would be $36.5. On the downside we have support at the trend line and in the $30-$32 dollar zone.
Not financial advice, just my opinion.
Stay green. :)
LI providing another dip entry at its trendline support, good risk reward on this dip if you use the trendline as a stop loss
price targets are 32.5/36/47
