$LCID | WEEKLY WATCHLIST 12/13$LCID 1D
Last week, we saw Lucid sell off on senior notes offering news. Bouncing off the GP, we may see potential bottom here. Wait for smaller degree wave 1-2 form first (green path) for some better confirmation. Also included a fractal path to note labelled in blue...
Lcid
New Target for LUCIDLCID will come down for the same reason it jumped up..!
Previous analysis:
and before that:
you may benefit from this post as well:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
LCID Shorting Upward ImpulsesAfter hours LCID unveiled for $1.75 Billion Offering of Convertible Notes via Private Placement. Never great for long term investors to experience such news; especially afterhours. Nevertheless, I'd be looking for any upward impulses as legs into short sided positions riding LCID down towards the 26.80 T1 area. I'd give this a 3-month window; however, I expect it to happen much soon -- the duration of 3 months just provides more time in "time and price" to meet the expecting outcome.
Nice Retracement Level on LCIDToday I am going through the highest volume stocks to add to my new Bot for Spike Alerts. I found NASDAQ:LCID at the top of today's list. It is clear to see why it is having such volume. Price is coming off a good 50% Retracement Level from a major trend. I expect this to retest the high.
AAPL DIAMOND TOP - PUTS - WAIT FOR CONFORMATIONAll,
I think we now can more easily see the AAPL diamond top. Need breaks of 164 to confirm, could spike few more times just keep an eye on it.
This is a great example of being slightly biased or you can do 1:1 calls/puts and hold them and drop the other. If this drops and bounces 164s could see bull move. Hard to do on AAPL at this price lots of people don't pay attention to real costs of AAPL once they do splits. Personalyl short AAPL in general. I think next ER is bad.
CRSP - WEDGE ON SUPPORT - PIVOT CANDLE CONFORMATION **ON ALERT**All,
Pretty easy to see why you would be bullish here. Few things need to happen.
1) full candle break watch for a gap etc
2) needs to break horizontal SR at 81.50s (full candle above)
3) market needs to hold this in here if it were to somehow lose these yellow levels would be big downside imo.
Add alerts and keep this on a short timeline maybe literally one more day.
LCID: Watch for a possible reversal pattern!Hello traders and investors! Let’s analyze LCID today! I’ve been analyzing during my videos on YouTube, but this is the first time I write about it here on TradingView. I hope you’ll find something useful.
First, in the 1h chart, LCID is clearly in a bear trend. We have a series of lower highs/lows, and the 21 ema is above the price, pointing down, potentially working as a resistance today, as it couldn’t break it during the first hour.
In order for LCID to reverse, we must see it breaking the 21 ema, and doing a bullish structure, preferably, a higher high from here, followed by a higher low.
What’s more, if LCID is about to reverse, now is a good time. We don’t see any confirmation yet, but we are just above a support level, which is better seen from the daily chart:
Yesterday, we had a very strong bullish candlestick, with decent volume, just above the $ 39.27, the previous support level. The only problem here is the 21 ema again, which is also working as a resistance. It is worth to notice that the 21 ema in the daily chart is almost at the same price seen in the 1h chart, something not that common to happen, making it a dual-resistance in different time-frames.
This candlestick pattern alone might be a buy sign for many, as the risk/reward ratio is making sense, in my view. I just prefer to see a better bullish structure in the 1h chart first.
Let’s see how it’ll play next. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices!
Have a good day.
Lucid price target for the comming week!LCID could move toward 47-43 once again and this means put options have high return potentials this week!
reviewing previous analysis could be beneficial:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
ONCS - WEEKLY CHART DOUBLE BOTTOM? IS IT POSSIBLE? WILD.All,
I mean you can't tell me this isnt a textbook double bottom if this was on 5M its a buy. Crazy on a weekly chart. Would be a huge long position and wouild have to hold. Interesting. If this bottom holds here might actually buy and hold some just to see if we can get a 3-4 PT hit.
SPY - RIGHT ANGLED BROADENING WEDGE- WILD THEORY - BIG BULL RUN?All,
Yes, given the nature of the world this is a stretch, however throw away news and say its priced in. Follow me, right angled or any broadening descending wedge usually bullish aka oversold yadda yadda. One of the most powerful patterns out there by a long shot. Anyways of course they have large dips similar to what we see now.
Why this pattern? Notice pattern current (wedge bullish angled) -> next pattern (wedge/falling wedge) extremely bullish patten (only if both wedges hold/break then are powerful). So when you combine these + trend that is what makes a bullish descn wedge possible. because it goes half way up drops down but holds onto a strong trend and takes it the rest of the way.
Just follow this and lets see what happens I think most big stocks are way way over sold 30-60% retraced. I think this makes a ton of sense to make a bull run here and then I think most likely fail and break trend.
Once again just noticing the patterns/theory. 1000000% be careful but worth watching.
ALF - DEMAND ZONE - PIVOT ON FADE - LOW FLOAT - BANGERAll,
ALF I think is going to pop huge pretty soon we all know how wild she is when she gets going. This is now a waiting game. I have about 5 alerts set on ALF 2 or 3 below 1 slight above if it moves up and a volume alert. I think extremely soon we see ALF rip again. Make sure to actually watch this one. Actually decent company/future.
Keep in mind how long this stock has been on the market as well. Looks like some garbage downtrend stock, but in reality it hasn't been on the market long enough to even make that true. This could easily be a blimp on the radar. So always keep time on market in the back of your head.
DKNG - HIGHER WATCHLIST THAN ANY OTHER STOCK HERE All,
Put DKNG top of everything on your watchlist. HUGE demand area down here first long term retest. Confluence support trends downard that have popped 20-50%. I HIGHLY suggest watching DKNG over almost any stock in the next few weeks. I think DKNG once it bottoms here 3-6mo out will get you 200-300%. Just be patient or scale in in 30-32 range. Watch for options activity + big candles (hedges,insiders,tutes) buying in. I promise DKNG will return, sports will NOT stop due to COVID. Even Biden clearly said shutdown is not happening.
LUCID GROUP Will Keep Growing! Buy!
Hello,Traders!
LCID stock is trading in an uptrend
And the pair, which is trading
In a rising opening wedge pattern
Has retested a rising support of the wedge
And showed a bullish reaction
So all the signals point in one direction
And I think that the growth will continue
Untill the pair retets the all-time-high resistance
Buy!
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See other ideas below too!
NIO - BIG MOVE INCOMING - DIAMOND (MIDDLE?) LOLAll,
Definitely forming a dimaond on daily, usually very large moves out of diamonds sort of a weird spot here you could argue short term diamond top or mid term diaomond bottom. Either way I think this moves big up or down keep close eye on it closer to next week, maybe sooner.
JD - ARC ENDING - UP OR DOWN?All,
JD looks like it's going to make a pretty sizeable move here. My honest guess is the downside. With that said I don't think they are a bad company by any means. Decent earnings etc. I just don't see the traffic/high level interest to really keep the momentum up. That being said I always plot both theories up and down so of course do your own DD. Like most of these plays I would do 1:1 puts/calls and drop the other when you have conformation.