$LI
Added 2023-09-07 12:01:18 +0000 UTC$Li continues to be out on its own compared to other Chinese EV/HYBRID stocks and rightly so because their execution has been immaculate.
Once was the lessor of the 3 stocks between $NIO, $XPEV and $LI but they focused on their supply chain issues and ramped up production.....they did have it slightly easier as they are not a pure EV maker so had better access to parts.
That being said, their chart remains very strong.
Pulling back now in an ABC count for Wave 4 very nicely and has lost the 50 and 200 Day MA, so this further confirms Wave 4.
Watch for $36 now for support and it would be an ideal area to buy or add to your position.
