LIA/N trade ideas
#LI Reversal Coming Soon?- Li showing life of reversal here but breaking that trendline + Fib plus strong support will just bring more downside.
- But with that being said everything mentioned above plus indicators do show signs of a bounce or possible reversal here.
- Li usually runs along with Nio and Xpev as well can pump along with energy so its something to watch out.
Overall bullish as there is a lot off signals showing strong strength of reversal.
bullish on LI for Q4 earningsthe recent pull back is from a decrease of deliveries since last month (no surprise due to record deliveries last month) however I have calculated the average number of deliveries month over month since Q3 and used it to predict the march monthly deliveries which is an estimate/average of 5,384 and I have added up the total deliveries since Q3 and if march deliveries are similar to my prediction their would be an increase of 147% in deliveries since Q3 therefore I 'am bullish for when the Q4 report is released.
price target= $49
DISCLAIMER: this is not financial advise and i could be wrong about these predictions, please do your own due diligence.
SAFE TRADES!
LI AUTO INC is headed to minimum $80 - Elliott Waves
Hello investors!
LI AUTO just started the impulsive wave 3 which is headed to minimum $80. Second wave retraced perfectly to golden ratio 61,8% level (ideal to long from there)
Next level is also the 161.8% extension
Keep in mind that $80 is actually the minimum level to be reached, but extensions often go all the way to 261.8%, and even 461.8% or more. This is how important is to ride the right wave!
I'm in!
LI AUTO Friday, 29 January 2021
22:08 PM (WIB)
Li Auto seems already complete the highest horizon for the highest high of the channel. And has the best moment alongside EMA100 and EMA50 to rising together again. This should be good to add more.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
LI AUTO, Oversold at support & Bullish EngulfingAfter fibo 61.8% retrace LI tested the upper side of the ascending channel and retrecaed back to fibo 50%.
This area is acting as an important support and yesterday' formed a Bullish engulfing candle. If we close in green today the engulfing will vallidate and it will either test the next fibo at $40 or the upper channel. If it cant break that expect a correction back to 38.2% or $35 area.
Put your stop below yesterday's wick just in case.