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Churchillcapital

CCIV - We need some positive newsAfter the reversal end of February, we are in dire need of big news from Lucid Motors. They need to deliver on their plan of making 20-30k cars in their new facility in Arizona. Leading up the the sell off/reversal, people were buying into the rumour. Until it sold off right after the news hit that the merger is going to happen. The stock needs some good catalyst from Lucid Motors and get their sales rolling ASAP. Otherwise, we are testing the $20 support too often, and could break and find a new box in the $16-$20 range. Doesn't seem like a good idea to hop in on hype because it already passed. We are left with actual implementation of their idea.
CShort
by modalinterchange
Churchill Capital Corp IV (CCIV) following an old pattern?I was right about a possible drop of CCIV. I would buy this stock in the range of $23-$26, not more. I don't want to FOMO. It's ok if the merge happens. You can always make money with stocks. It's never late! Don't FOMO!! What's your opinion? Your comments are welcome. ############## Take into account that fundamentals (news) supplement technical analysis . A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity. Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
C
by ymarkets