LI breakoutLI up 9% on the red day on the overall market
Hot industry
Broke downtrend
Breakout from the falling wedge, strong support.
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 Micro Wave 1 Li Auto Inc. (LI) has held lower trendline support as well as the 0.5 retracement. Look for a break and test of top trendline to a PT of $33. Break below lower trendline would deem the price for a steeper retracement to the 0.618
$LI . Ready to POPVery nice consolidation here
waiting for the breakout here .. it is so damn close ...
pretty neat retracement and bounce
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.
Time to jump #My first opinion about LI stock gl!This is my opnion i belive we see in few days SPX go green and same at #LI
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.
$LI $GP $PLUG $FCEL Video breakdown 12/8-12/9 EV Bounce back?Video Breakdown on $LI $GP $PLUG $FCEL by request
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!
Li Auto LMAO why wouldn't you short it. $24.50 Rebuy. Negative short term moving averages
Negative Tom demarks sequential
Also announced a Stock offering - creating more sell supply. (TSLA stock offering = crash, DKNG offering = crash)
The confluences:
The 4 HR and Daily TD support Both @ 24.80
0.786 Fib at 24.50 - Roughly 55% crash from top
50 Daily moving average
Would look to rebuy Li At 24.50ish
