Weekly shows that the wxy correction has erased all RSI divergence and price also stops at the weekly "order block". A high chance that we will reverse from here. Daily shows that the last leg is likely finished with 5 waves in a C wave. A break above the red declining line will increase the odds that the bottom is in. Very likely as it coincides with the reversal in HSI(Hang Seng) index. The drop on Apr 22 touches the 0.618 extension for wave C and perfectly bounced st...
Tesla slides 3% in premarket, Li Auto sinks 8% as EV makers slash prices amid fierce competition KEY POINTS Tesla reportedly cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan. Chinese rival, Li Auto, also cut prices for its models, including the L7, L8, L9, and the newly launched MEGA SUV. Hong Kong-listed shares of Li Auto plummeted to an 1...
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The drop on Apr 22 touches the 0.618 extension for wave C and perfectly bounced st...
KEY POINTS
Tesla reportedly cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan.
Chinese rival, Li Auto, also cut prices for its models, including the L7, L8, L9, and the newly launched MEGA SUV.
Hong Kong-listed shares of Li Auto plummeted to an 1...
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