LCID , I think we just need to ride the wave to success!Hi dear traders, today we would look into Lucid Group. the luxury EV creator in the U.S. so far the company has had a very bumpy road in it's history and I am going to be honest with you I participted and caught some really good results with it , so this is why I am pointing my analysis.
Fundamental POV -
They are a leading EV company which is popular as we sad with their luxury Electric Vehicles.Recently its linep with the Gravity SUV and reported 200M Q3 revenue which surpassed expectations makes it a tasty opportunity.With confirmed production target of crossing 10,000 vehicles and a fresh funding of 1.75$ Billion Lucid is very well positioned to follow up with this bullish run.
Entry - On market open - 2.61$
Target 1: 3.46$ (covering the huge gap)
Target 2: 3.93$ going towards upper resistance level in a formulated ascending channel
Target 3: 4.40$ surpassing the Resistance Level so we can see what we can aim for next.
Keep in mind at a point in time this company's stock was 65$ per share, so we have a long road ahead of us , this overview is short/mid term.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Lcidlong
LCID TO 4??? / MACRO ANALYSIS / FIB / DEVIATIONPoints:
- LCID is showing a Deviation of 6 Points placing current price action in new channel.
- Current channel = Supply Zone at $10 & Demand Zone at $4.
- Down 89.19% in past 405 days.
- RSI Average at an all time low.
IMO: I would consider LCID to be a reasonable buy at $4. Opening a position at these prices with appropriate risk management skills can come come to yield decent returns in the near future.
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 - $24.12
Lucid to Bounce? Lucid Group
Short Term - We look to Buy at 22.03 (stop at 20.23)
We look to buy dips. Previous support located at 22.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look for a temporary move higher.
Our profit targets will be 26.24 and 29.35
Resistance: 30.00 / 37.00 / 45.00
Support: 22.00 / 20.00 / 17.50
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Lucid Group Analysis 14.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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$LCID Bearish Head & Shoulders w/ billion share lockup Wednesday$LCID short idea bearish head and shoulders with multiple rejections shown, had a small relief bounce and someone circulated fake news about an aapl partnership that gave it a small push before it was breaking down again today. Billions of shares for sale after lockup on Wednesday, likely lots of pressure on the stock to come.
$LCID breakout play.LCID trading higher last Friday with no specific news. i believe is just a technical breakout.
base from the momentum indicator , buyers are still coming in. there's possibility that the
stock could continue to push up. its also sitting just above the ema line which is still good
indicator that the stock is still bullish .
day trade or scalp target play: 01 /10/22
buy above 43.35 sell at 44.35 or 45.71
buy puts below 40.10 sell at 38.56
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
Note: My technical analysis is not to be regarded as investment advice. but for general informational proposes only.