$LI - WATCHLIST -
Added 2025-02-04 12:08:07 +0000 UTCMy goodness it might be time!
$LI has always been a good indication for how the Chinese EV's will move and this has been a descending traingle now for the last 7 months but moving well along the 0.618 Fib, which is the standard Wave 2 pull back level
Price is above the 50 and 200 Day MA now too
So a break above the blue line at $24.40 is also a break out of the wedge, holding above this level and we are moving into Wave 3....with the 1.618 Fib being the target at $43
$XPEV has already started its move, $LI could follow and likely $NIO too.
Comments
Breakout ! No position,cap ?
Kevin Aerts
2025-02-04 14:59:36 +0000 UTC
