Li Auto Inc. (NASDAQ: NASDAQ:LI ), a leading Chinese electric vehicle (EV) manufacturer, recently reported a sharp decline in profits for the second quarter of 2024, driven by higher production costs, price cuts, and increased competition. With demand for EVs weakening globally, the company faced substantial challenges that have significantly impacted its...
Li Auto Inc, ( NASDAQ:LI ) the Chinese electric vehicle company, has reported a sequential decline in revenue and net income in its first quarter of 2024. However, CEO Xiang Li took a positive tone in the earnings report, despite the sequential decline in revenue and net income in Q1. The company's first quarter saw an increase in vehicle sales by 32.3% from...
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...
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...
Hello dear padawans. Today we are going to take a look at LI, the Chinese car company. If you read what analysts say you may be torn between buying or waiting on this one. Here I am just looking at the chart. Overall the outlook is very bullish for LI. All indicators on the chart are bullish on the daily timeframe. Volume today was not exceptional but above...
As I have been saying the past couple of weeks, after the hammer candle on the weekly chart and the close with a bullish candle last week, LI was poised to go higher. I have made good money trading the support and resistance all along as you can see from my previous charts and updates. I have accumulated a very good amount at an average price of $33.33, which...
Last week LI closed with a hammer candle, which signals reversal if confirmed by the next candle. LI also closed above the resistance trendline. The candle also has more volume than the previous 4 candles, which is very bullish. Despite the loss in the afternoon today LI closed with a strong bullish candle. The candle peaked with 26% gains. There was some selling...
Li found support on the 21-ema and on the third consecutive time of asking it finally broke above of the $33 resistance. As you can see from past price action, the $33-$34 zone has been a strong resistance level for quite sometime now. Stochastic and MACD look healthy and curling up and I believe LI is poised to go higher but I took some profits at this level. If...
Too Excited!!!! hahahaha I had to come back with $LI because I realize I ain't show yall a KEY thing...... Check video to see why. #LIAutoINC #LIAuto #InvestSmartWAAS #TradeSafe NASDAQ:LI
So, this is my thoughts on $LI even though its a brand new market, i'll be going long in it ANYWAYS. For sure signs of some pull back because of its market being so young but its going to do some SERIOUS numbers for the future.. #LIAutoINC #ElectricVehicles #InvestSmartWAAS #TradeSafe NASDAQ:LI