Li Auto Inc.Long
Technical Target for Long Position on LI AUTO INC.
THIS IS NOT FINANCIAL ADVICE.
Li Auto is one of the few Chinese Stocks that has continued to show strength despite the overwhelming regulatory pressure being placed on Chinese Companies. With a high of 47.70 and low of 15.98 in the past year, LI has been forming a strong consolidation toward the upside. Price action has gapped above the 200 day MA and continues to approach the 50 day MA.
Fundamentally, Chinese EV stocks are still a worthy long-term play for all investors whom are drawn to sustainability play in emerging markets. Technical Analysis suggests that breaking the bull flag resistance with strong volume will lead to further upside toward a price target of $45, facing some resistance at horizontal resistance of $36.49.
Li Auto is one of the few Chinese Stocks that has continued to show strength despite the overwhelming regulatory pressure being placed on Chinese Companies. With a high of 47.70 and low of 15.98 in the past year, LI has been forming a strong consolidation toward the upside. Price action has gapped above the 200 day MA and continues to approach the 50 day MA.
Fundamentally, Chinese EV stocks are still a worthy long-term play for all investors whom are drawn to sustainability play in emerging markets. Technical Analysis suggests that breaking the bull flag resistance with strong volume will lead to further upside toward a price target of $45, facing some resistance at horizontal resistance of $36.49.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.