LIT is now sitting on support of the 50 day moving average and $65 price support, the short term moving averages are crossing and the RSI already broke below 50. Not good signs.
It's starting to look ugly in the EV sector. TSLA broke support at $780 the other day, the moving averages are crossing downwards and the RSI broke below 50. Other stocks like LI, XPEV, and NIO have similar patterns. Is this the end or just a temporary pullback?