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CCIV

EURJPY CASE STUDY: FIBONACCI RETRACEMENT+SUPPORT/RESISTANCE ZONEThe scenario for EURJPY on H1 timeframe could be as following: 1- Retracing from a support after a morning star pattern (bullish pattern) and CCI / %R being oversold suggesting a return to the normal zone, with a buy order being put after the new candle making a wick down and breaking the high of the current one. Targets are set according to Fibonacci lvevls; 2- If the price respects the down trend, we should expect a break of the support after the retracement; 3- Now the perfect scenario would be to wait until a retest of the support to take our sell order, with targets beimg put at major levels. Put your stop losses according to your risk management plan. If you have any questions I will be more than happy to answer them in the comments...
Long
by youhannaabboud
$LCID Important Levels to WatchAfternoon Everyone! It is just and update on my last two posts on NASDAQ:LCID . I have intentionally excluded Moving Averages on the chart this time as we all have an idea what and where they are. Currently NASDAQ:LCID is trading below the 50 SMA. Which is a bearish spot in short term. Having said that, I think the stock has an upward potential. It might be forming a Neutral Wedge in short term. For an upward break though we need to watch the 4 AVWAP lines on the chart marked as red. This is along the thesis that I had previously. We need to deal with these lines to break out of the wedge. I hope the update helps you all next week. Have a great weekend. Thanks!
NASDAQ:LCIDLong
by Trading-Economist
2
LCID Consolidation!Hello Community! When looking at the Daily TF, LCID is currently trading in a horizontal channel and has been for a while now. This is expected based on the merge that recently happened and now with CCIV changing to LCID, I can expect this consolidation to end very soon. There is a bearish divergence on the MACD to keep an eye on. We need to see how the price reacts at the yellow support and resistance line drawn. If it breaks above or below decisively, with a successful retest of the S/R zone then we will know when to go Long or Short. Let's see how this plays out. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated! This is not financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
NASDAQ:LCID
by rnaofs
1
$LCID A follow up on Lucid MotorsCongratulations to all who have been trading NASDAQ:LCID on the first day! This write up is a mid-day follow up on the idea that I posted yesterday on CCIV or LCID. So far NASDAQ:LCID has successfully broken the Anchored VWAP around $25.15 price level. In the morning session it broke above AVWAP's at $27.32 and $28.80 levels but could not stay above them. It will be crucial for LCID to break above these two levels tomorrow (or even in the Afternoon session) if we are looking into price targets such as $32.72 and above. It is also a good sign that the stock is trading above the 21 day EMA and AVWAP's from both recent high and low. Technically, all 3 of these value areas should work as support in coming days. The progressive increase in Volume in last couple of days is also an important indicator to consider. I hope this helps you all with the perspective and making good trading decisions. Thanks!
NASDAQ:LCIDLong
by Trading-Economist
14
CCIV (LCID) STOCK BULLISH BREAKOUT With the news today and most small market cap stocks being down, CCIV had a GREAT day for once haha. clear breakout from the downtrend and ticker change on Monday should cause more buying pressure again now that the "sell the news" theory is not in play anymore. My only fear is the SPY taking a poop on us sometime this week, dragging that $30 target further and further away. Other than that, I don't see why we wouldn't be able to get to that $30 target within the next few weeks. Please let me know in the comments what you think :)
CLong
by brettkaplan090
CCIV clear to go up. 27 resistanceFriday I was closely watching CCIV hopefully break the down trend line from July 1. Finally it cleared it with alot of bouncing near the low 22s and with volume to follow through. The time to jump in was Friday morning when it sold hard. This week I see it going up around 27 but will hit a hard resistance before finally breaking down. I see this going down to low 20 and high 19s before going back up. I recommend not chasing this and wait for the pullback because SPY, QQQ, and Nasdaq are topping out particularly some big names. I also see sellers piling in as big tech release their earnings even if the numbers were good e.g. the late April/ early May small correction. Good luck this week!
C
by CTRLZEEE
CCIV / LCID After Merger: Bullish Hammer Above 50MA and AVWAPThe merger between NYSE:CCIV and LCID has been approved today and the stock will trade under LCID from Monday. A classic Bullish Hammer candle has formed taking support on the 50 day SMA and the AVWAP (Anchored VWAP) line anchored at the base since the merger was announced. Still the ticker is trading below AVWAP lines from the recent high, all time high and the first ever significant hike in January this year. In my humble option, LCID needs to deal with these important resistances at $25, $27.40 and 28.90 price levels if we are hoping for a significant run. So far the Bullish Hammer above the above mentioned support levels is a good start. It has also broken out of the downward trend line that it has been following since the recent high. Let's hope for the best! Also please let me know your opinion on it. Thanks!
CLong
by Trading-Economist
3
🟢 ADDED to $CCIV Target 36.18 for 43.51 (Risk Level - Med/High)🟢 $CCIV Target 36.18 for 43.51 (Risk Level - Med/High) Or double position at - 14.24 Also next add order at 17.27 Added here today below my next add level so that’s happy… @ 21.24 New Target set… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. Numbers with an A are places that are a good idea to add if you can. Numbers with a D are places where you should double your position. I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
CLong
by SPYder_QQQueen_Trading
1
CCIV - bullish patternCCIV chart is showing a zig zag ladder pattern. my price target on conservative site till 22nd July 2021 is 37.56 dollars. this is just the opinion on the basis of charts . market factors doesn't include on this. so please do your own due diligence and invest accordingly. my charts are just education purpose. I like to educate the investors. so they can be more cautious on investments. Good luck. By the end of this year this will might be a 50 dollar stock, if they deliver all the vehicles on time. because I always like to optimistic. Don't forget to comment.
CLong
by JD-EducatingTheInvesting
3
PLTR - DELAYED ROCKETContrary to what the loudest Karp fanboy is saying, this stock (and other similar ones... QS, SPCE, CCIV) are still correcting. But there's plenty of opportunity to make GAINS. I show a clear 5 waves down which would be completion of A to the 786 retracement. You broke divergence which is more evidence of a C leg down. Clear EW subdivision shown. Right here we see an inverse Head and Shoulders pattern forming. NO - iH&S does not always mean bottoming pattern, it is just something to look for to know how to trade the neckline. In this case, we are anticipating it to serve as the bottom but FYI HS and iHS is never absolutely a bottoming/topping pattern. We anticipate the nearest high before the head to serve as the neckline. We see that w3 failed to hit the 1.618 extension, so we don't expect w5 to hit the 2.272. However, we notice it failed to hit even the 2.0. For this reason, I wouldn't be surprised if we poked above the neckline for a relative high up near $27. But we don't care. We are not long currently, and not interested in longing with this type of uncertainty and RR. What we are interested in longing on a retracement which we would expect with the completion of this impulse. Keep note of the inverse HS pattern with defining neckline and slope to to serve as reactionary points. Sometime you get false breakdowns of the iHS because everyone is watching it. I expect something similar, but will continue to monitor/update as subdivision plays out for this small ABC. Target $23 for a retrace to land on top of a pretty critical defining channel line (red). SL at $21.50 marked by critical price level (somewhat critical, somewhat arbitrary... need to define the trade some way to stay diligent). For this last leg, I really like the $30 target as you have a critical price level. There's also confluence by the 618 extension. However, typically we see ABC's play out to the 1-1.272, so that target is also listed near $33. It's going to take a lot of momentum to get up there. Targeting $30 gives a 4:1 RR which is favorable. Playing this with normal shares because why would you need more than a 25% gain capped at ~6% loss?
PLong
by warrenbudget
7