shkspr

SHORT | LI | Swing Trade | Short Term

Short
shkspr Updated   
NASDAQ:LI   Li Auto Inc.
LI
Possible Scenario: SHORT
Evidence: Price Action
TP1 ~26$ , 10% Decline
* I'm 100% bullish on mid-term and long-term, this is just a correction, buy the dip and apply dollar cost averaging
I'll buy PUTS for 19 March, Strike 26$,
This is my idea and could be wrong 100%
Trade active:
Clarification: It already lost a major support at 33$, we have another minor support at 31.85$ that I don't think it hold the price, if it can't hold it then next stop is ~ 24, it was the reason for PUTS at 26$. good luck
Trade active:
As we expected it hit the target, the PUTS closed successfully with insane profit, now CALLS are in place for 37$ target price, good luck.
Trade closed: target reached

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