$Li Auto(LI)$ Li Auto has launched several new models, including the Li MEGA, Li L Series, and Li L6, which offer enhanced product strengths and improved safety features. The company also published its 2023 Environmental, Social, and Governance (ESG) report on April 12, 2024, outlining its efforts to integrate sustainability and sound governance into its corporate strategies and daily operations.
LI is down 1% in pre-market trading. Since the second week of March 2024, the stock has been on a falling wedge pattern concurrently gliding reaching new support levels.
LI stock is about to reach the 1-month low pivot a move that will accentuate the bearish thesis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments