$Li Auto(LI)$ Li Auto has laun

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$Li Auto(LI)$ 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.

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