Li Auto's decline holds as sellers retake the tape
Li Auto adds 2.4% even as sellers retake control of the volume
Li Auto's decline holds as sellers retake the tape
Our view last week
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.
This week's summary
Li Auto shares close the week with a modest +2.4%, but the number that matters is in the volume: buyers, who had retaken the majority seven days ago, have again given ground to sellers, at 72%. The double bottom in the 12 area still holds, and the Sell signal — under management for nine weeks, short up more than 22% — stays lit, even as bearish momentum shows its first signs of fatigue.
IQS Phase
80
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#129 / 140
US stocks
Trade P&L %
+22.03%
from signal to today
restricted Platinum content