li waits for picking up directionsLI gets rejected on $30 level.
Lockup expiration date is 26-Jan-21.
Latest news for LI deliveries have a good result.
Tesla drops price for Y model in china, and need to see how much impact on LI.
From 1 day chart, it nears 50 ema and potentially breaks it. Will it get a further pullback into $15? That will be a crazy deal.
LIA/N trade ideas
LI AUTO INC printing a hammer on the weeklyThere isn't enough data on LI AUTO INC to make any significant analysis on the weekly chart but it is possible to see a hammer candle, which could mean a potential reversal depending on what the next candle prints. A green candle that closes above the hammer high would confirm the reversal. Ideally, the confirmation candle should be formed on strong volume to support the reversal. This is a weekly chart so we would need to watch the price action this whole coming week.
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***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
LI Retest GapNASDAQ:LI has retested the Nov 12 Gap and bounce off from that support zone. Potentially a lot of buyers bought this support throughout the day. Even end the day that is some big buying was happening (if look at 5 mins chart). Plus Relative Index side also gained some 4 points. This chart in fact to me looks similar to NYSE:NIO support zone 38.7. The only negative side I see is it's under the 50ma if the close above that moving average in a day or two then it's a positive sign.
Li - Primed for another runPrice action has been moving sideways in a support zone. Volume has been dropping off. RSI indicators showing another possible leg up here.
Broader market sentiment and virus fears present a risk to this trade. Negative market sentiment could cause continued selling. However, the risk profile is still a good one.
LI is in fact the good boyIt seems that LI is finally and sagely staying at this level for a cool off, because it is windy out there.
Once the buying volume is back, the price will go up as shown by indicator. NIO is making the W. so if NIO is going high in volume LI will too.
Meanwhile I am ready to buy if 29 again.
How NOT to Invest Lets me discuss basic human psychology.
Most investors only want to invest when stocks are BOOMing and reaching an all time high!
Does this sound like you?
While most investors avoid stocks when they first begin or when they reach their lows.
Some Rules of investing:
1) Buy when the stocks dips at appropriate levels & better yet at early stages - do your due diligence
2) Never buy ATH wait for a pull back or another opportunity (There is always another opportunity)
3) Check RSI Levels (Oversold) & MACD (Cross over downtrend) :: (BASIC TA)
4) Only invest in sound companies that you believe in the long-term
5) Buy the hype sell the news (To an extent)
6) When everybody is talking about it - its time to plan your exit
7) Be an early adopter on the technology bell curve not a late adopter or WORSE a LAGGARD.
(Bitcoin @ $1 = Innovator - Bitcoin @ $100 Early Adopter... ect)
Example: Chinese EV stocks
Here is an example of LI Auto the time to buy was when nobody was talking about EV (Electronic Vehicle stocks) if you perhaps could see the future in these companies & foreign country opportunities. That was the time. Most people rushed in at $50 when the stock was HOT. As you can see the RSI was very overbought & MACD cross over. Now you can buy in at a much more FAIR cost @ 30 & on a 3 point trend line. If you believe in a stock this is the proper way to DCA.
There was also a negative news event (big surprise) but I doubt much traction will come of it. Many Americans invest in Chinese stocks.
Happy Trading!