I was looking at LUCID on the weekly chart. Its been on a downtrend since its IPO Merge with CCIV. Momentum indicators have been showing Divergence for more then 2 years. An it looks like Direction could be changing soon to the upside. If it doesn't rejects the RSI trendline it could breakout, An the MacD is also looking bullish as well an close to crossing the zero line. An with short interest at 29.54% it could be a interesting play if price picks up Momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.