$Tesla Motors(TSLA)$ recent price movements formed a bearish fair value gap in its weekly chart. Share price retraced back into the bearish fair value gap and formed a intermediary swing high, closing lower with increased volume in last trading week. This indicates weakness.
$Li Auto(LI)$ share price has retraced into the bullish order block and formed an intermediary swing low in recent price movements. The order block is a price zone where a significant amount of buying activity previously took place. This support zone can act as a springboard for the stock to launch itself back into its upward trajectory.
$NIO Inc.(NIO)$ share price broke lower in last week trading session. Nio has been trading above EMAs, which is a sign of weekness. The lower closed enhances the weakness.
$Rivian Automotive, Inc.(RIVN)$ $Faraday Future Intelligent Electric Inc.(FFIE)$
Modify on 2024-04-10 19:38
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