Li Auto LMAO why wouldn't you short it. $24.50 Rebuy.

Dec 6, 2020

Negative short term moving averages
Negative Tom demarks sequential
Also announced a Stock offering - creating more sell supply. (TSLA stock offering = crash, DKNG offering = crash)

The confluences:
The 4 HR and Daily TD support Both @ 24.80
0.786 Fib at 24.50 - Roughly 55% crash from top
50 Daily moving average

Would look to rebuy Li At 24.50ish

Dec 7, 2020

Note

Shorted 32, and Praying.

Dec 10, 2020

Note

Reshorted 31.5.

Dec 29, 2020

Note

So many people keen to 'buy this dip'

They're all in for a surprise...

To me it's a classic bubble pattern, the denial stage, hence we should wait for capitulation, may go well below 24.50.