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Chart of the Day: Chinese Electric Car Stock Rallies and Pulls Back
David Russell
July 28, 2022

Most Chinese stocks remain well below their 52-week highs, but not Li Auto.

Let’s consider some of the patterns on the Beijing-based maker of electric cars and SUVs.

First you have the level around $33. It was the opening price on December 3 when news of Didi’s delisting hammered Chinese stocks. LI briefly …

For more, please click here to view the related idea and chart analysis on TradingView.

Li Auto (LI), daily chart with selected patterns and indicators, courtesy of TradingView.

About the author

David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.