$Li Auto(LI)$ The stock is sta

The stock is stabilizing/consolidating here ($29.50-31.50). It is possible the SP breaks lower into the $26-27 range, but more likely (IMO) upward to $40-45 to re-challenge the prior resistance. If/where the SP falls back to $26-27, I will increase my position materially, and if the SP appreciates, I will hold/wait to see the market reaction again at/around $45. If/where it finally breaks out, the SP could reach $50-60 (IMO). The financials here are just too good (IMO), with a strong product portfolio and aggressive growth trajectory through 2024FYE. China macro uncertainty is holding this valuation back near term - be careful specifically in 2024FY 2H.

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