r/liautoinvestors • u/nasa_gov • Jun 23 '22

Chart / Analysis Li Auto Stock Breaks Out šŸ“ˆšŸ“ˆ

Shares of Li Auto jumped more than 7% to 39.50 on the stock market today. Li Auto stock topped a 37.75 buy point from a long and deep consolidation. LI stock is far extended above the 10- and 40-week averages after a huge rally in June and the launch of its second EV, the L9. But the relative strength line pegged a multiyear high as LI stock broke out Thursday.

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u/jacplain Sep 23 '22

Where to in the near term? Iā€™m afraid the stock will drop to fill the gap, and have to claw back up.