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WinnerTrader99
14 jun 2021 11:50

$LI Auto - Potential Bullish long Targeting 36 then 41 Lång

Li Auto Inc.NASDAQ

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Technically its better than other competitors NIO XPEV but RSI and MFI indicators are overbought - perhaps slow down then move up targeting 36 then 41 . Stoploss for bulls is little far away above 21 . Normally similar patterns takes weeks to arrive destinations. if broad markets pulled back then it will be nice entry above 21
There are 2 scenarios : Consolidations slowly above 23-21 then moves up during 3rd quarter . OR continue moving up towards targets before summer. 3rd scenarios is unlikely :)

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Perfect- the best setup among others

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