$LI opened strong today and left a long candle wick as it found some selling at previous broken HTF support and 21 EMA.
Watching to see if we can build a pivot here at the 50 MA (orange bars).
Most Chinese stocks remain well below their 52-week highs, but not Li Auto.
Let's consider some of the patterns on the Beijing-based maker of electric cars and SUVs.
First you have the level around $33. It was the opening price on December 3 when news of Didi's delisting hammered Chinese stocks. LI briefly retested it on January 3 before stalling and proceeding...
I find lots of chinese stocks hit the rebound target already, (LI, PDD, JD, etc.,) trend is changing back to bearish again. so I started my short position on chinese stocks again.
GL
Looking for a confirmed close below weekly support to indicate a return to the large range and potential to fill the gaps below. This thing has had a huge run up in the midst of a global bear market. Looks exhausted on my higher time frame momentum indicators.
Initiated a short over the past couple of weeks, and admittedly before confirmation of a break of...
The stock LI (Li Auto) on our watchlist crossed a low risk enty point and generated a buy signal, we have added LI to the JS-TechTrading portfolio.
SL is less than 5% (SL at 37.05), win target is > 10%.
LI has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume. Until now, the price / volume...
Look at this chart ... the strongest on my EV makers list. The only one trending above 200SMA. Recently also formed a powerplay setup with a move of over 100%. Last few days/weeks was a correction of that move. For sure something to watch.
$LI continues to evolve.
* Sitting at bottom of the range (support)
* Also coincide with 21 EMA (support)
* 3 day pullback on declining volume (positive)
* Potential short term trend line break tomorrow
Lots of eyes on this but also lots to like.
So overall this trend on a daily looks phenominal. We had a huge channel we ping pong in from 16$-32$ for a while with the occasional wick up to the 37$ which gave us the most resitance
Currently we have been holding a flat support base from 36.30- and downtrendinf reistance roughly around 40.50$
Now currently on an hourly I see a large symetrical triangle...
Remains holding support on long term channel breakout. Considlation is happening this looks beautiful as long as we takin above 36$. 40.50 is big resiatnce for this current channel
Li Auto
Short Term
We look to Buy at 36.56 (stop at 34.78)
We look to buy dips. The medium term bias remains bullish. Downward pressure has continued and we are assessed as being in the corrective leg lower before the next rally. The bias is still for higher levels and we look for any dips to be limited. Expect trading to remain mixed and volatile.
Our...
$LI put in its 9 day in its High Tight Flag #Powerplay setup. Still a bit short but the min 9 to 10 days I look for has now been met.
Correcting only 12% after its 120% advance = Power.
Focus for next week.
$LI has gained over 100% in 7 weeks and now flagging with a max correction value of 13%, making it a key contender for a high tight flag set up. Wait for price to break to close over the top of the flag pole, with volume, before jumping in - ideally, look for a close over $41.59
LI has hit my potential SRZ Shakeout Reversal Zone for the overshoot ratios of two 3 pivot Fibonacci extensions (yellow and white trendlines).
This time i've just drawn a blue band without the fibs for a clean chart, but these show the 2 doundaries of the overshoot ratios.
LI has topped a few times in this area and so there will be heavy resistance from sellers...
#LI Breakout 🚀 in 1h Chart and - Target 46$ 🧲
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA ✅
2. Consolidation Phase in Uptrend ✅
3. Breakout on above average Volume ✅
4. Breakout Suoertrend line ✅
NASDAQ:LI
Near all time High
The upside gas is running out, waiting for correction.
Gaps to downsides,Volume increasing.
Hanging man candle, Waiting to confirmation.
Will update in the idea entry, tp , sl.
