Li Auto Inc
52 Week High
52 Week Low
7 Days Mentions
$NIO closed last week right at a critical resistance extending from mid July 2020. If it fails to breakout, can test support of channel (31-32), but breakout seems imminent, especially after posting great March sales exceeding guideline __________ $DJI $DIA $SPX $SPY $NDX $QQQ $TSLA $LI $XPEV $CCIV
you aren't worried about shady ass shit from a country with regulation that can change based on the whims of pooh bear? I've got a smallish short position, so I'm flipping between red and green by the minute Also, have you seen the P/E of LI? it's insane
Guys you need an appointment to go to the bank in China right now, every real estate developer in the top 10 biggest is careening towards bankruptcy, they're good at hiding the crisis but this shit is gonna explode soon. Meanwhile LI at ATH.
NIO (likely XPEV, LI, etc)...just examples of more Chinese companies with shady accounting practices taking advantage of U.S. listings by selling their stocks onto American investors and pulling USD outta America and taking it to China. Chinese stocks should be banned on US exchanges...
tomorrow hoping for -6 to -10% on LI. disjointed chart with multiple gaps all the way to $26. Ran up 40% in less than a month. They threw in another 2bil worth of dilution today and already have a p/e ratio of ~ 11000. balls deep in 7/22 $35p. MSFT looks like it's about to swing ot the downside after hitting a double top today. small postion of 0dte 140p. As long as it's down tomorrow, I should make a nice clean exit.
Thanks man. Hope your trades are treating you well this week. Love the volatility these bear markets bring. Lots of potential stuff to play in the near term! You're right, it's greedy and probably going to fuck me over. If i was using my main account, I wouldve taken my gains off the table already. Whatever, LI put gains this week already trumps whatever happens on this one.
$LI share price up irrationally >100% in last 6 weeks. Today the company announced it's diluting shareholders by \~5% by selling more shares ([https://www.barrons.com/articles/li-auto-stock-sales-51656425567](https://www.barrons.com/articles/li-auto-stock-sales-51656425567)) and the stock price is recovering upwards today from -5% at open. Makes total sense. (/s). Position: 3/17/23 $37 puts. This stock will fall just like all the other EV bubbles have.
Formulation for the next play friend. Stocks are just numbers, which always follow a pattern. I hit TBLT based on that also, but not for a lot. Just 300 shares. Opened a major short on LI, the RSI is massive. Finviz is your friend
Sure. My entry on LI was $31.27 on 6/14 My entry on CD was $7.48 on 6/23 My first entry on FUTU was $42.75 on 6/14, but I was stopped out. This was an anticipation buy off the 10sma. Second entry was $46.48 on 6/17.
Breakout trades, China Relative Strength edition. [LI Breakout (Weekly)](https://preview.redd.it/abdys6m86m791.png?width=818&format=png&auto=webp&s=bca37f753b7b268db6e74f586ecab661a067ad7f) [FUTU Breakout](https://preview.redd.it/vbvadv7a6m791.png?width=816&format=png&auto=webp&s=ecb6965523bd26b25fb6da55e2951ebbc8315488) [CD Breakout](https://preview.redd.it/j1cfbapb6m791.png?width=819&format=png&auto=webp&s=b910d578de1e9aa10f893bb6b817faab9602aa02)
It appears that all EV companies, de-spacs or not, are steadily rising again. LI Auto (up 84% since 1 month ago), LCID, XPEV, Nio If this is the current sentiment, then Polestar may gain traction too. The difficulty is trying to time when there will be another selloff.
I was trying to figure out why my account values were off from my returns... Well I figured it out. ETHE is an OTC equity and so TDA was charging me $7 for every entry and exit. Derp. Robinhood scrubs don't @ me. I don't know what to do about LABU. I really wanted a position in this, massive upside potential, but I never saw a setup or entry point. It just keeps ripping straight up with no resistance or consolidation anywhere. Was hoping for a pullback but it's gapping up again today. Trying to decide if I should just bite the bullet and buy it even though it's up 75% in 6 days, but that's not something I typically do. DRV now under $50 so it's getting attractive for an entry soon. But I think this bear rally could have some legs so I'll probably aim even cheaper. Not many setups out there except in China names, and I'm already overexposed to China so I shouldn't buy any more. Almost 50% of my accounts are China which is not great risk management, too much correlation risk. I sold LI near +20% to reduce exposure, but it looks like I sold it too early as it is also going straight up with no pullback. Good luck everyone.