$LI
Added 2024-01-16 19:15:00 +0000 UTCYou know the sector is under pressure when $LI is dumping and experiencing relentless selling for the last 2 weeks.
$LI has been executing production and sales to a level that $NIO can only dream of and although it is a hybrid company, it is still very relative to $NIO's position.
$LI has also lost its 200 Day MA and has been working its way through some important Fib levels too.....as I write this, it is just holding he 0.65 Fib at $30.08.....but if it comes down to the red line at $27.47 and loses this line, even $LI will have lost its impulse wave which is incredible to believe since this was at $47 in August.
The sector needs a bullish injection and it may need to wait for $TSLA to lead the pack once again.
