LI stock continues to uptrend as of October 26, 2021, on bullish option flow.

Bullish Option Flow In LI Stock

Make sure to review this lesson on option flow so that you understand the image above.

Li Auto initiated with a Buy at Nomura

On October 14, 2021, Nomura analyst Martin Heung initiated coverage of Li Auto (LI) with a Buy rating and $43.40 price target. Li Auto is “renowned as one of the star domestic EV start-ups” in China along with Nio (NIO) and XPeng (XPEV), said Heung. He sees Li having differentiated itself from the pack with its unique extended-range-electric-vehicle offering, given his view that EREVs “allow more skeptical car buyers to dip their toes in the EV world” without worrying as much about battery charging. EREV’s duel-power-sourced solution not only reduces the common problems experienced by battery EV users, such as range anxiety and long charging queues, they also allows OEMs to unlock regional markets that do not have the necessary recharging infrastructure.

Li Auto Inc. September 2021 Delivery Update

On October 01, 2021, Li Auto Inc. announced that the Company delivered 7,094 Li ONEs in September 2021, up 102.5% year over year. The Company’s deliveries for the third quarter of 2021 were 25,116, up 190% year over year. Total deliveries of Li ONEs in the first nine months of 2021 reached 55,270 and the cumulative deliveries of Li ONEs as of September 30, 2021 reached 88,867.

“Deliveries of Li ONEs in September moderated compared with the prior month due to the prolonged chip supply shortage. Responding to the continually rising orders since the release of the 2021 Li ONE, we are taking multiple measures to ensure the supply of the auto parts, aiming to shorten the waiting time of delivery for our users,” said Yanan Shen, co-founder and president of Li Auto.

As of September 30, 2021, the Company had 153 retail stores in 85 cities, as well as 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.

LI Stock Technical Analysis

Although LI has an excellent technical rating and the rising large players volume looks good, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts when LI stock is a good entry.

LI stock chart as of October 26, 2021.
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