Li Auto, ElliottWaves count, the bottom is in place!This is my ElliottWave count for Li Auto, according to my counting 3 5th Waves are now completed with the bottom being in place.
LI trade ideas
LI: Ready for a quick bounce? Our indicators are aligned for this prediction. RSI has started moving up, the volume hasn't been too bad today, and the 8 TEMA and 9 MA have cross up. Our target is at $22 where our next resistance level meets the upper border of the daily downward trend. From there we'll revisit LI to see if there will be a break out or another downward move, but for now I think this is going to be a good week for bulls across all growth stocks.
The more likely scenarioMy previous analysis was invalidated due to a number of reasons. The trend has been reverse and my new target is at $18-18.5.
This is not a trading advice.
LI AutoA good bet for the Chinese EV market. Nice steady supporting level and not a bad idea for investing.
LI - LONG - SHORT-TERMLI: LONG
- Bounced off of bottom channel of symmetrical triangle
- RSI trending higher
- Stop loss: 22:36
- Target: $25
- Bullish Credit Spread best options construction for trade
LI auto (chyyna ev)even though this is a chinese company, could be a play at these levels. what a beautiful chart too. some kinda XABCD at the top of the craze, nice triple top to mark the top of the range, after the demand line broke, & nice consecutive higher lows x3 to mark the bottom...also the historical former resistence level holding. possible turbulence at the $30 level, but w a stop just below the iceline it's still almost 3:1 just to there. i don't see why this wouldn't retest top though after that conf. triple bottom. slight edge on the macd & rsi w this latest low, lets go!
LI: Unexpected GAP downWhat happened to LI?!
It has a buy rating and the chart was quite predictable up until that GAP! I had skin in the game, and of course bought, before that GAP down.
Keeping a close watch.
$LI - LI AUTO INC // LONG$LI bounced nicely around .786FIB. Going Forward, this should act as key support.
Targets are given in the chart.
LI - good R/R on a very undervalued company imoAll hallmarks of a value buy in current environment. EV market is going through a shock imo... Sellers will regret and panic buy soon....may not happen this week... Though I am counting on it. It's no brainer EVs are the future and LI is next to NIO.
5 Reasons why LI is heading up and EV bear market is over.There are some clear indications that growth stocks are up for another run, but how far is still unclear. So I'm going to play it safe and not shoot for starts!
First: It all comes down to Nasdaq sensitivity to 10 year bond yield, which is decreasing overtime due to feds doing all they can to reassure the market that inflation is under control, or at least, currently irrelevant. When the interest rates remain constant throughout the year, Nasdaq desensitization began to gain significance. That means even though 10 year yield would most likely hit 2% within the next few months, we are not going to see another round of sell-offs as we saw in February.
Second: Last week, we were expecting another taper tantrum, but that also didn't really happen. That shows, market is gaining confidence for another run.
Third: Let's check out the chart. I waited a few days to see if we're going to rebound and go under the green line, but so far it seems like the break out is happening. It' not going to be pretty but the upward trend is taking it's mini steps toward 33 or beyond.
Fourth: We all forgot about LI beating the earning expectations last quarter, and their sales is only going to increase after the Chinese New Year holiday.
Fifth: The pandemic is wrapping up, the stimulus checks are in, and everyone is going to be excited and will "bet" more on growth stocks like EVs.
At the end, do your own research and don't take my word as a financial advice.
Thanks
LI to the moon or down to square one!Dear Traders,
We were all excited when LI stock started to reach it's ATH in November but it has been on a down trend since then. A lot of its supporters have bailed out and are waiting for it's next big move. Is that big move now? Based on this analysis, we have a strong price rejection at our major support line shown in red, which could a sign of trend reversal. We still need confirmation if that's the case. It looks like the Elliot correction waves C is almost completed today but again we need to see another price rejection at 33.50. If that happens then with a little bit of turbulence on the way, the target should be between 50-55. Otherwise, we have to go back to square one and see if the next support at 18 will hold this up. Let's see how things unfold.
Of course, market does whatever it likes to do and these prediction might not mean anything but should give us a clue while we keep an eye out for CRSR price action. Also this is not a financial advice and I'm not a financial expert.
If you enjoy this analysis please give me a thumbs up and leave a comment. This will motivate me to keep going!
Thank you
AH
$LI might hit $42-47 by 2/24-3/2Dear value trader and holder, as you know LI Auto is a company that will grow overtime. It has some strong competitors in China and around the glob, but so far LI has been performing better than the rest (not stock-wise!) and should have a decent sustainability in the long run compared to other local EV companies. So if you are a value trader or a holder, I encourage you to keep your stock and don't sell it.
Swing traders please read the following: The consensus for average price target is around $45-47 and as you can see in my chart, the technical analysis also shows a huge upside potential within the next month or so. Make sure to buy the dip and be ready to sell anywhere between $42 to $47.
LI Breakout, Triangle + PennantIts game time. Triangle has been established, pennant is up, RSI strong and MACD is .05 from convergence. First breakout (pennant) will occur @ $32.10, and second breakout (triangle) will occur at $32.60. This run will establish new ALL TIME HIGHS as long as $30.25 + 10 cents per day (no more than 6 days) remains support.
Li Auto, another head and shoulder forming?many head and shoulders are forming. do you have the balls to buy?
an important place for LI in my opinionthis is an important price due to a continuing bonce off the down trend yellow line, you can see it has bounced off this line several times therefore the resistance of this line is big, I was also slightly annoyed as LI reported record earnings and a profitable quarter but the stock went down I'm posting this because if we break this line we may break out of this down trend as well as the MACD crossing also causing a breakout. disclaimer: THIS IS NOT FINANCIAL ADVICE
SAFE TRADES!
💡$LI 🚗 Waiting for breakout on LI💰+22%🏌️♂️📚Interesting price action on LI. Waiting for a break out of bearish resistance trend line and 20 day MA. NASDAQ:LI
