Li Auto is poised to extend its bullish trajectory after breaking past the resistance level on strong volume. The stock charted a gap-up on Monday, printing a bullish candlestick pattern.
RHB Retail Research Market Dateline said today (Nov 8) this suggests that the stock has completed the consolidation phase, and is eyeing the next resistance at HKD168, followed by HKD180.
Conversely, a fall below the HKD146.60 support would resume the bearish pathway.
AAC Technologies has surged past the resistance and is eyeing further upside movement. Yesterday, the stock climbed above the HKD16.50 resistance to chart a fresh “higher high” pattern.
RHB observed that trading volume has been increasing in tandem with the share price, suggesting that strong bullish momentum is underway.
Riding on this momentum, the stock should travel towards HKD18, followed by HKD19. If it breaches the HKD15 support, the bullish setup would be negated.
