LCID , I think we just need to ride the wave to success!
Updated
Hi dear traders, today we would look into Lucid Group. the luxury EV creator in the U.S. so far the company has had a very bumpy road in it's history and I am going to be honest with you I participted and caught some really good results with it , so this is why I am pointing my analysis.
Fundamental POV -
They are a leading EV company which is popular as we sad with their luxury Electric Vehicles.Recently its linep with the Gravity SUV and reported 200M Q3 revenue which surpassed expectations makes it a tasty opportunity.With confirmed production target of crossing 10,000 vehicles and a fresh funding of 1.75$ Billion Lucid is very well positioned to follow up with this bullish run.
Entry - On market open - 2.61$
Target 1: 3.46$ (covering the huge gap)
Target 2: 3.93$ going towards upper resistance level in a formulated ascending channel
Target 3: 4.40$ surpassing the Resistance Level so we can see what we can aim for next.
Keep in mind at a point in time this company's stock was 65$ per share, so we have a long road ahead of us , this overview is short/mid term.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Fundamental POV -
They are a leading EV company which is popular as we sad with their luxury Electric Vehicles.Recently its linep with the Gravity SUV and reported 200M Q3 revenue which surpassed expectations makes it a tasty opportunity.With confirmed production target of crossing 10,000 vehicles and a fresh funding of 1.75$ Billion Lucid is very well positioned to follow up with this bullish run.
Entry - On market open - 2.61$
Target 1: 3.46$ (covering the huge gap)
Target 2: 3.93$ going towards upper resistance level in a formulated ascending channel
Target 3: 4.40$ surpassing the Resistance Level so we can see what we can aim for next.
Keep in mind at a point in time this company's stock was 65$ per share, so we have a long road ahead of us , this overview is short/mid term.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Trade active
Trade is active , stock is moving in our favor 1st target has been reached. Cognratulations to everyone who participated!
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