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LI , a Chinese EV manufacturer LONG
Li Auto Inc.
Long
LI , a Chinese EV manufacturer LONG
By AwesomeAvani
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Updated
Jul 12, 2023
3
Cheer
Cheer
Jul 10, 2023
LI has seen a 60% price rise since significantly beating the earnings estimates of the analysts.
LI competes with TSLA and NIO primarily in Chinese and perhaps a little in Scandinavia. It
does not import to North America. The 2H chart shows price rising consistently in a channel
between the first and second standard deviation lines above the mean anchored VWAP
demonstrating trend persistence and momentum. The zero-lag MACD shows a line cross
at the zero horizontal line and rising as confirmation of bullish momentum. I see $40
as a reasonable target at the level of the 3rd upper standard deviation lines. With the
next earnings report due August 21st, I will take a long trade of ten call options striking
$38.00 expiring 8/18/23. On the last trading day, this option had a low of $1.75 and
a high of $1.90 for an intraday rise of about 8%. The contracts will cost about $1900.
I am expecting about a 3% average rise compounded over 30 trading days or 250%
return on the trade.
Jul 12, 2023
Trade active
LI moved up nothing substantial ; holding all contracts no changes.
anchoredvwap
BABA
evsector
evstocks
LI
Moving Averages
NIO
optionstrading
Tesla Motors (TSLA)
Volatility
Volume
XPEV
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