Lucid - Complex patterns to confirm our elliottwave outlook
In our previous report, we pointed out a projected wave scenario for Lucid’s stock, following positive signals indicating a short-term trend reversal. Now, we observe the formation of a bullish technical pattern, a cup and handle, and upon its completion, a rising triangle pattern emerges. All of this supports our wave outlook for the stock, which we had mentioned earlier. Let’s not forget, we are still in the accumulation phase, so once targets are reached, an exit and re-evaluation of support levels are necessary. We haven't reached the investment stage yet; we remain in the trading phase.
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