LIA/N trade ideas
Li Auto - No Shortage of Chinese EVThis one is starting look decent on the daily. Recent double bottom on RSI and MACD. Volume profile is noteworthy only in that the sellers are drying up. PA forming a nice ascending triangle with higher lows. That inspires confidence, especially against the upper trendline resistance. Looking to open before the inevitable squeeze as price action gets clamped by the EMA (20) and MA (50). I suspect that will give us a good bump in volume that could break above that major resistance level. From there, I suspect it will retest December highs. All of these EV's in China are looking at breakouts in the next week or two. Stay tuned.
$LI is worth a watchGood entry point, for a near-term trade. Would expect it to follow any $NIO rally.
Expecting $37 to $39 price target shortly. Don't know if I will hold it over Earnings Release.
LI - potentially gearing up for an upward move Fundamentals: www.forbes.com
Technical: Consolidation in a form of triangle (possibly wave 2) is getting to an end.
Disclaimer: Please invest at your own risk, and put stop-loss orders wisely.
$LI setting up for a bullish rallyHello dear padawans. Today we are going to take a look at LI, the Chinese car company. If you read what analysts say you may be torn between buying or waiting on this one. Here I am just looking at the chart.
Overall the outlook is very bullish for LI. All indicators on the chart are bullish on the daily timeframe. Volume today was not exceptional but above average, which resulted in that nice green candle. Additionally, LI is on the verge of breaking out of the triangle accumulation pattern, which has formed over the past 3 months after ATH. Seems like a good amount of time to cool off and reset for a new rally.
The textbook way to trade this pattern is to wait for a breakout bullish from the triangle. I am anticipating a breakout so I already entered the trade. I accumulated recently on every touch of the triangle support so I am already seeing some green after today's bullish candle. Remember that although outlook is bullish it doesn't mean we will go to the moon tomorrow. In fact, there is nothing saying it won't go down although I would be very surprised if that happens. Also, if it breaks bullish be on the watch for throwbacks as they happen frequently on this type of pattern (BNGO just did that today after breaking out of the same pattern--hopefully it will bounce back up tomorrow). Bottom line: if you enter a trade, put a stop loss that matches your risk tolerance.
The dotted lines are the targets on the way up in case we go there.
Good luck and safe trades!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
LI End of Corrective Wave LI Auto retraced to the 0.618 and displayed positive divergence on the RSI. Price is above the hourly Ichimoku Cloud with the whole EV sector continuing its momentum. Watch XPEV with similar price movement.
Supply Zone: $33.50-$34.00
$LI 4h Showing a reversal signalI'm in a long naked OTM leap on LI atm. LI 35C 3/16. Currently up 35 percent.
LI on Breakout Watch - $40 TargetLI has been in a long consolidation pattern and is near the end of the wedge. Lets see if this giant can wake up this week in increasing volume.
LI Auto Long above 32LI AUTO could break the triangle and stay for a while, Stoch LOW, RSI LOW, Took a good Support at 31
$LI | Bullish Triangle and Descending Channel$LI formed a descending channel within a large bullish triangle. Watch for a breakout for upside continuation.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Good luck!
LI run up to earnings earnings coming up for LI soon and the trend of bouncing off of lower BB lines and fib lines is giving me a buy signal. looking like a move to the upside.
High Conviction Trade: $LI Looking for a 15-20% Move Up$LI has had overall weakness during a huge bull run. Most EVs seem to be consolidating recently. I'm looking for LI to make a move here to the upside and pick-up where it lagged. Target $35.
LI looks fantasticLI with a fantastic looking setup on this daily. No position but top watch heading into this week. Sector is hot and looks ready to run overall. Love this one!
