LI
has retested the Nov 12 Gap and bounce off from that support zone. Potentially a lot of buyers bought this support throughout the day. Even end the day that is some big buying was happening (if look at 5 mins chart). Plus Relative Index side also gained some 4 points. This chart in fact to me looks similar to
NIO
support zone 38.7. The only negative side I see is it's under the 50ma if the close above that moving average in a day or two then it's a positive sign.
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A shorter 5 min time frame chart shows throughout the day big buying was happening.
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NIO has similiar pattern before
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XPEV with a similar pattern.
