Li Auto Inc.Long
Li Auto: Potential Correction and Bullish Continuation
Li Auto: Potential Correction and Bullish Continuation
Li Auto recently completed a large daily harmonic pattern near $17.40, and the price bounced aggressively
Part of this bullish movement can be attributed to the Chinese Central Bank's support package for the economy
Today, the Chinese Central Bank initiated two funding schemes, injecting $112.38 billion into the stock market through newly-created monetary policy tools
Given these conditions, the maximum correction Li Auto might experience could be near $222
. After this potential correction, the price is expected to resume its bullish movement, with targets at $30, $35.5, and $40.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
PS:
Li Auto Inc., a pioneer in China's new energy vehicle market, has been making waves with its innovative approach to electric vehicles (EVs) since 2015.
Li Auto Inc is first Chinese EV startup to produce one million cars
Li Auto is known for its extended-range electric vehicles (EREVs), which combine electric power with a small gasoline engine to extend the vehicle's range. This unique approach has allowed the company to offer vehicles with impressive ranges, such as the Li L9, which boasts a CLTC range of 1,315 kilometers and a WLTC range of 1,100 kilometers2
.
Li Auto recently completed a large daily harmonic pattern near $17.40, and the price bounced aggressively
Part of this bullish movement can be attributed to the Chinese Central Bank's support package for the economy
Today, the Chinese Central Bank initiated two funding schemes, injecting $112.38 billion into the stock market through newly-created monetary policy tools
Given these conditions, the maximum correction Li Auto might experience could be near $222
. After this potential correction, the price is expected to resume its bullish movement, with targets at $30, $35.5, and $40.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
PS:
Li Auto Inc., a pioneer in China's new energy vehicle market, has been making waves with its innovative approach to electric vehicles (EVs) since 2015.
Li Auto Inc is first Chinese EV startup to produce one million cars
Li Auto is known for its extended-range electric vehicles (EREVs), which combine electric power with a small gasoline engine to extend the vehicle's range. This unique approach has allowed the company to offer vehicles with impressive ranges, such as the Li L9, which boasts a CLTC range of 1,315 kilometers and a WLTC range of 1,100 kilometers2
.
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