HK50 gave back all of its gains over the past month
BYD and Li Auto dropped by 5.57% and 7.29%, respectively, exerting a decisive impact on the decline of HK50. Despite BYD's reporting of favorable 2Q earnings with a 26% increase in sales, the results fell below expectations. Meanwhile, Li Auto's 2Q performance was down 45% YoY, while sales increased by 10%. However, the 5.6% decline in electric vehicle deliveries in Aug compared to the previous month raised concerns about the Chinese EV market. With growing export tensions, the outlook for Chinese EV manufacturers will likely worsen in 2024, further amplifying the negative sentiment toward the index.
HK50 gave up all the two-week gains and closed at around 17150. The index still holds above the descending channel's upper bound but slid below both EMAs, sending apparent bearish signals. If HK50 fails to hold above both EMAs and breaks the 16700 support, the index may reenter the descending channel and fall further to the 15850 support. Conversely, if HK50 climbs above both EMAs and extends its uptrend to the short-term high at 18200, the index could gain upward momentum to the resistance at 18600.
Liauto
LiChina's central bank has stepped up measures to support markets.
The company has the most ambitious plan for new models, with five new autos to be launched in 2024, four of which are planned to be all-electric.Entering the BEV segment provides an excellent opportunity to capture the market.
tp1 42
tp2 62
LI AUTO TP 35 BEFORE EARNINGS Li Auto, a China-based electric vehicle (EV) manufacturer, has been receiving positive attention from investors and analysts. Here are some reasons why:
Ambitious Goals: Li Auto’s management has set an ambitious vehicle-delivery goal1. They aim to sell at least 400,000 units of the Li L7, Li L8, and Li L9 in 20241, which would exceed their total of 376,030 vehicles sold in 20231.
Innovative Ideas: Li Auto is trying out an interesting idea similar to what Nio is doing1. This could be referring to Nio’s flagship showroom, known as Nio House, which is a unique vehicle showroom that resembles a home1.
Strong Partnerships: Li Auto has a partnership with Nvidia, where Nvidia’s Drive Thor autonomous driving chip will power Li Auto’s ET9 electric sedan1.
New Launches: Li Auto is gearing up to launch its flagship multi-purpose vehicle, the Li MEGA, on March 11.
Positive Analyst Recommendations: Li Auto Inc. Sponsored ADR currently has an average brokerage recommendation (ABR) of 1.10, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations made by five brokerage firms
LI Auto Options Ahead of EarningsIf you haven`t sold the Top on LI:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week,
I would consider purchasing the 38usd strike price in the money Calls with
an expiration date of 2023-11-24,
for a premium of approximately $2.93.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
LI Auto Options Ahead of Earnings If you haven`t sold LI when they reduced the delivery outlook:
Or on this Earnings Release:
Then Analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week,
I would consider purchasing the 20usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.60.
I think there is still some upside momentum left, followed by a big selloff by the end of the year.
Looking forward to read your opinion about it.
PSNY break out above the Ribbon (Setting up for Mark Up phase)PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of the electric car stocks this one seems the healthiest financially and is actually delivering 100k of vehicles with goals to out do its self this year.
The indicator is the ESVO it shows where price and volume are in sync and when price breaks out above them its a sign that its hit accumulation and preparing for a mark up phase. The push back down into the ribbon is the last step before it takes off... This should bounce off the ribbon when it comes down and continue to make for new highs until it runs out of steam. This could be days , weeks , months, or even years..... depending on what time frame its doing it in and what part of the bigger move its in. Look at ENPH when it was $50.
by iCantw84it
05.02.23
Li Auto is about to manipulate the highs it made a year ago!I annotated this chart so hard this time and I know its annoying to look at...but you have your own clean screens to look at it... This should atleast explain what I see and help those who don't know, what to look for. I accidentally came across this chart because I was trying to type bili bili but when i saw the chart with my ESVO lines on it I was like I have to play it. So for me this is just an update to this play that I got into a week ago. Obviously it looks a lot better now that we are here. And I never once thought my bias was wrong as you can tell it didn't want to dump. Because if it did want to it would have. The price was always withing a dollar or a dollar and change to the entry. Now that it has come back to this area I broke down everything the lines are telling me plus everything I see with the amount of space that I have to work with. I could go into about 5 other kinds of trading styles and break those down but I figure I will just leave it at this. Its bullish! All the other stocks in the group are moving with it. So that tells me that big money has been fostering this group of stocks to get it to this point over the last year or less. Since the last highest high.
So that should tell you there is a pile of shorts up there that need to be covered for them to continue this move up above that. unless there is a massive surge of volume it might take a while to consolidate all of them. I will be looking for a trend line that this will be tapping into over the duration of this move. And also a trend change which shows that liquidation of shares has begone and that we should be looking for an exit.
I do think this could take another 3-6 months to complete. all of the hot areas for this stock are marked on this chart with the exception of the three just below our current price.
And Current Price of HKEX:26 this weeks highest volume area
$24 Automatic, Session, Daily, Highest High
HKEX:23 Daily. Weekly
HKEX:22 Highest Low
all great supports as they are all stacked under us.
If nothing else I think we should hit HKEX:30 however, HKEX:38 and $41.50 are also huge areas of untapped stop losses and pockets of retailers waiting.
by iCantw84it
04.17.23
LI Auto Looking very clean and Bullish Loving these levelsWas actually typing in bili and ended up pulling up this chart. As soon as it came up the chart grabbed my attention. So i had to chart it and Im actually entering a position on a call. everything looks bullish about this. the lines are so clean on it. and the set up with the ESVO looks juicy. last time I said that SQ went up $9 in 3 days.
If you like this check out ENPH, BiLI, IOT. Traded Apple earlier this week for a quick $3 right at open. Called both ENPH and Apples pull back to the exact zones and currently in Bili and about to be LI. Possibly getting in IOT after one of those. and ENPH once its more clear if institutional is picking it back up or not. DM me for any request or questions.
by iCantw84it
03.30.23
Li Auto is the price going to continue to drop?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 price targets are for potential push down to absorb the remainder of the float or to repeat the N pattern(pain pattern that creates the catalyst for an upwards movement off the bottom.)
Of course, if you find any of this intriguing pls like, follow, and most of all boost so others can find my videos. Thank you!
by iCant84it
04.05.23
Falling Wedge XPEG1. Falling wedge on weekly timeframe. Potential breakup.
2. WT_LB and CM_Williams_Vix_Fix indicate potential oversold position.
3. Based on sample of accumulated population data such combination of variables work out in 86% of cases.
4. Potential range for starting position accumulation.
5. Compared against NIO and LI. Relatively oversold position.
Just my thoughts. Do not trade on it. Not financial advice at all.
Li Auto at 61.8% fib? 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 to be limited. Expect trading to remain mixed and volatile.
Our profit targets will be 31.17 and 44.10
Resistance: 32.00 / 36.90 / 40.00
Support: 26.20 / 22.22 / 18.90
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
7/17/22 LILi Auto Inc. ( NASDAQ:LI )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $37.118B
Current Price: $38.45
Breakout price: $39.00
Buy Zone (Top/Bottom Range): $38.10-$36.15
Price Target: $40.50-$41.40 (1st), $47.30-$48.50 (2nd)
Estimated Duration to Target: 13-15d (1st), 54-58d (2nd)
Contract of Interest: $LI 8/19/22 40c, $LI 9/16/22 40c
Trade price as of publish date: $2.70/contract, $3.80/contract
LI ready for the next leg? Li Auto
Short Term
We look to Buy at 36.56 (stop at 34.78)
We look to buy dips. 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 to be limited. Expect trading to remain mixed and volatile.
Our profit targets will be 41.22 and 44.10
Resistance: 42.00 / 50.00 / 60.00
Support: 37.00 / 32.60 / 25.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Li Auto goes from strength to strength. Here’s why! 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 stocks at the beginning of the year, but it’s now trading at an all-time high.
What was holding the Li Auto share price back?
Li, like its Chinese peers, saw its share price fall from over 140 HKD at the end of last year, to less than 70 HKD in March. Investors lost confidence in the company’s ability to continue delivering growth as China enacted a swift response to small outbreaks of Covid-19. Both commerce-centre Shanghai and capital, Beijing, were hit by new restrictions to prevent the spread of the virus.
Li Auto delivered 31,716 Li ONEs in Q1, representing a 152.1% year-over-year increase. This was consistent with the company's previous forecast of 30,000-32,000. However, due to Covid-19-induced lockdowns and disruption, deliveries for April 2022 fell. Only 4,176 Li ONEs were delivered in April, representing the lowest volume in recent months, and contributing to a negative year-over-year growth rate. Production recovered in May, with 11,496 Li ONEs delivered. The company lowered its guidance to 21,000-24,000 for the second quarter, although it seems likely that Li Auto will surpass that. The company was also forced to increase the price for its vehicles amid rising battery prices.
Production issues were felt across China’s manufacturing sector. Peer NIO (NASDAQ:NIO) even postponed the launch of a new vehicle amid suspended operations and a fall in sales.
Why has the Li Auto share price gained?
Li Auto’s gains over the past month are pretty outstanding. The stock is now trading for other 150 HKD. So, how did this happen?
Investors’ fears that Chinese manufacturing would be hampered for the foreseeable future have been alleviated. Despite new restrictions, Beijing appears to have taken a more business-friendly approach to managing Covid-19. 96.3% of industrial businesses in Shanghai have resumed operations, according to a recent update China's Ministry of Industry and Information Technology.
In early June, Li Auto said that, although its parts suppliers have resumed production, its own manufacturing facility wasn’t running at full capacity. However, May’s production data suggest that the firm is operating much closer to full capacity that it had done in April.
There has been more positive news for Li Auto too. The group saw strong trading volume on this week after Citigroup raised their price target on the stock from US$26.8 to US$58.6. Other brokers, including Barclays have recently backed the EV maker too.
Li Auto also unveiled its L9 model earlier this week. It was well-received, and investors will be glad to see the firm diversifying its offering. The EV will sell for 459,800 yuan (US$68,654) and Li Auto has already started taking orders. The group is targeting production of 10,000 units per month.
The L9 is Li Auto’s second model since its inception seven years ago. The L9, with an extended battery range, will be able to go as far as 1,315km on a single charge, according to the Beijing headquartered firm. “This is a full-size SUV with no match on the market,” Li Xiang, Li Auto’s co-founder and CEO, told a virtual launch event.
Doji Central on Li 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 profit targets will be 19.01 and 16.22
Resistance: 24.00 / 30.00 / 35.00
Support: 20.00 / 17.00 / 15.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Li Auto: Scope to move lower? 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 / 17.00 / 15.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Li Support Breaking?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 profit targets will be 22.54 and 21.60
Resistance: 29.00 / 33.00 / 35.00
Support: 28.00 / 25.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.