LI trade ideas
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.
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.