Li Auto Inc. BUY/LONG BIG POTENTIAL 16 to 45.25 By End 2021TICKER CODE: Li
Company Name: Li Auto Inc.
Industry: Consumer Cyclical | Auto Manufacturers | China
Position Proposed: BUY
Technical Analysis
1. Large Falling Wedge Pattern (Completed - Waiting for the break and retest)
2. Fibonacci Retracement at 0.786 (It has exceeded the range but on the monthly chart it is sitting on 0.786)
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
The market will more likely than not breakout next week or today then do a small pullback (The pullback might not happen)
Entry: NOW READY (16-22)
1st Partial Take Profit: 45.25 (August-End 2021)
2nd Partial Take Profit: 63.20 (Mid-End 2022)
