Week 8 of management: the decline is losing steam
Li Auto gains 0.7% as buyers retake control of the tape
Week 8 of management: the decline is losing steam
Our view last week
Li Auto is in week 7 of a sell signal, with the trade up 24.35% since entry. The week closed at -0.2%, nearly flat, but the underlying technical picture keeps deteriorating: distribution getting heavier, momentum worsening versus a month ago. Price is currently trading in a tight band between a nearby resistance and support.
This week's summary
After last Friday's flat close, Li Auto adds another one, up a modest +0.7%, but the number that jumps out is in the volume: after weeks of seller-dominated trading, buyers have retaken the majority of volume, 61%. Li Auto shares are bouncing off a clean double bottom in the 12 area, a 6% intermediate recovery. The Sell signal has been under management for eight weeks, with the short above 23% in profit: the decline still holds, but the first signs of fatigue are showing.
IQS Phase
82
in tension / maturity
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#112 / 137
US stocks
Trade P&L %
+23.85%
from signal to today
restricted Platinum content