$LCID - Off to the races!! 150%+ Upside🏎️ THE H5 TRADE IS NASDAQ:LCID 🏎️
It could be a very bumpy ride but, it's there if you want it!
- H5 is GREEN
- WCB forming
- Launching off Volume Shelf
- Volume GAP and Price GAPs
- Saudi Money Backing
-Downtrend breakout
-Falling wedge breakout! Could see retest before continuation higher as 60-70% of breakouts retest
Entry: $3.51
S/L: $2.34
Risk/Reward Ratio: 3
🎯$7 📏$9.75
Not financial advice
Lcidgroup
Lucid LCID Is Repeating a Previous Bullish BehaviorShares of the electric vehicle manufacturer Lucid LCID bounced today after dropping more than 10% over the past five days.
Lucid Group LCID announced the launching of a new, faster Air luxury sedan with 1,050 horsepower and a 446-mile range that will be priced at $179,000 and will hit the markets in June.
Lucid stock LCID rebounded from the demand area around $21.25 forming a confirmed 4hr hammer candlestick to show a more proven control of buyers.
It is worth mentioning that the buyers had shown the same behavior previously in Mar 15 2022 to rally by about 30% afterwards hitting $28.13 resistance point.
Targets: $22.90 – $23.80 - $24.12