The Long Investor

$LI - RC -

Added 2023-04-14 10:08:14 +0000 UTC

Doing well on their production and registration numbers, a company that make hybrids aswell as EV's, not a pure EV player. It has pulled back from its high in Feb so will need to see where it finds support in order to determine if it is in a corrective phase or impulse, it has already pulled back to between the 0.38 and 0.5 Fib so technically Wave 2 could be complete but it is short for me, the 200 Day MA is acting as a resistance line, so if it can flip this to support, Wave 2 could be complete.

For now, I believe Wave 2 still has more to pull back and if it can move down to the 0.618 Fib, it will have a nice structure.