CCIV PT 04/2021 UpdateLong haul play, worth it IMO. Inzayne upside potential with the elliot patterns. It's squEEZin.
Redrew impulses, updated PTs.
Lucid
Lucid Motors - CCIV - Double Bottom in Golden Zone?Lucid Motors - CCIV - Double Bottom at the bottom of the golden zone? Is it over or is it going to rebound for 100% play? Don't call it a comeback!
CCIV ready to get lucidSame as fsly. See that post! CCIV ready to bounce. Let it fill the handle and on the buy enter!
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CCIV - Lucid Motors - Patiently waiting for the gap fill at $50CCIV - Lucid Motors - Patiently waiting for the gap fill at $50. CCIV has started trending upwards. Patience Patience. Not Financial Advice.
Lucid Motors - CCIV - Ready to GOOO!Lucid Motors - CCIV - Ready to GOOO! Based on Technical Analysis, the gap above around $50ish need to be filled. From $25 to $50 is 100% gain. Not financial advice.
CCIV - a hungry bullFinally a green volume on daily chart and we are back at 50 MA with positive moving average and RSI. 1.9T USD stimulus passed the house yersterday and will be approved by Biden soon.
much volume incoming the stock market.
And announcement 17. Mar from Lucid, can bring us up over $30.
Lucid Motors - CCIV - Ready to break out?Lucid Motors - CCIV - Ready to break out? After a small inverted head and shoulder pattern, is Lucid Motors (CCIV) finally ready to breakout? We will see? Not Financial advice.
$CCIV NYSE:CCIV Looks bearish on lower timeframes. The daily trend hangs in the balance of how this week works out. Either price bounces from strong support in the 20s, or accumulation will take this lower. If wave 2 of another move higher is in, then we should see this play out higher in the next few weeks.
CCIV - LUCID - Bullish Tweezer like bottom pattern on 2 Hr chartCCIV - LUCID - Bullish Tweezer like bottom pattern on 2 Hr chart? Something big must be coming? We just need a catalyst to start the move up. If we get a move up then we will see a close of the gap above. Price may go to $44 then $56? Patience is key? Question - does technical analysis predict when fundamental catalyst will occur?
Tesla - TSLA - Close to buy zone but showing support at $620?Tesla - TSLA - Telsa is close to the buy zone but is showing support at $620. Do you think it will go below $600 or bounce here?
$CCIV Long Road AheadI've had the downward ray drawn in the same spot since before big breakout. It signaled it, in fact.
Seems like we're going to continue sliding down that slope for some time. Ticker conversion may prove to be a catalyst, but nothing else indicating a rally right now.
The $60 Jan 2022 contracts are very attractive at current prices, IMO.
$CCIV
Churchill Capital - CCIV - LUCID Motors - The Gap is filled!Churchill Capital - CCIV - LUCID Motors - The Gap is filled! From a technical point, price is free to go up and fill the larger gap above? We are now expecting some fundamental catalyst to spark the turnaround? What will the catalyst be? Any thoughts? We will see? Not financial advice.
Thoughts CCIV vs FSRSPAC's have the same trading cycles. Right now we're in the cycle after the Acquisition news sell off. This is the area where price is finding support and eventually a selling climax area. IMO CCIv has not found its preliminary support before hitting a selling climax at the 21-23 range. ( Research Wyckoff Method )
CCIV - ABCD pattern As I told before, I'm bullish on CCIV.
I added ABCD pattern in the chart to show how it will evolve.
After all the noise is gone, it will hit back to the trending channel in the middle and up.
CCIV - Back to the moonLooks like we have support here and just turned back from 26 range as I told before on one of my other analysis.
RSI was too oversold and now pushing back above oversold level.
MACD just crossed.
NASDAQ just made double bottom, and 10 year bond could not reach above 1.51, good signs for bullish.
Based on Fibo level and RSI
Price target 1: 34
Price target 2: 42
Price target 3: 46
CCIV - Oversold potentially 10x stockI was one of the few who did an analysis where I told that CCIV would drop a lot.
but this is absolutely an oversold level. People may be totally crazy, this stock will be pushing back!
Support at 26, 20, and 16.
Push back more likely from 25-26 range, good support here.
CCIV - Time to buyDouble bottom at 30 ish now and RSI too much oversold(PEOPLE ARE CRAZY).
CCIV keeps inside both trendlines, this is absolutely the best time to buying in NOW.
The fundamentals and projected revenue will price in soon.
And I don't think the price will be below 40 in coming weeks.
Support - confirmed
Fibo level - confirmed
RSI oversold - confirmed
Trendline - confirmed
BUY and HOLD, we are bullish
CCIV is lucid dreamingI recently told some friends to take profit and "sell the news" They didn't take my advice... Was riding on the upper end of the top channel and filled out an ascending triangle that signaled a reversal.
I would wait a bit before re-entry on a nice discount here. Get ready for calls soon. Cheers!
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TESLA - COMING EV BUBBLE CRASH? | FUTURE OF TESLA / MARKET RESETProposition:
EV Stocks have exploded in value from all types and all countries in all sectors
Tesla has been among them as the most explosive stock over the last year
Price has inflated far more than the company has grown
It is without a doubt that Tesla is a highly prosperous company and will continue being the leader in innovation and services so the long term forecast is bullish regardless
However, there becomes a point where euphoria, hype and overbought territories are reached and breached
As a result, I believe Tesla and the whole EV market along with the renewable market (solar and clean energy products and services) will pop and implode to a healthy level
Justification:
I could not recommend Aswath "The Dean Of Valuation" Damodaran enough. He is a natural-born teacher, highly competent and knowledgeable individual on investing, valuation and finance
He is a highly respectable, humble and intelligent person and his over 700 videos as well as numerous courses, are available for free to the public via youtube and his website
I highly recommend his talks, videos and views with regards to markets, finance, investing and the likes
Using his Tesla valuation model with a 0% probability of failure, his model outputs Tesla's fair valuation at ~$380
Tesla's TTM P/E ratio is at absurd levels with its current value at 1160
Price has distanced itself vastly with respect to the 200 WMA
RSI has broken out of a triangle and look to continue its breakout downwards
Stochastic levels look well-posed to reverse and cycle through to oversold levels on the weekly
Volume price indicator shows most of the run-up has been unsustainable with little volume zones apart from all the way down to its base
The fibonacci extension levels are in confluence with Mr Damodaran's valuation model and all of the above leads me to forecast future price to correct to $400-500 levels and potentially lower
Aswath Damodaran:
Tesla Valuation + Spreadsheet: youtu.be
Youtube: www.youtube.com
Website: people.stern.nyu.edu
CCIV Sell the News ThoughtsLast week I charted what could have been a sell the news trend reversal as most SPACS sell off upon news of acquisition. CCIV sold over pretty hard in after hours on the first day of news released of official merger w/ Lucid. Pretty sure we're going to see this bounce around the 20's then accumulate like most space prior to merger date...
CCIV huge drop coming!I think the first day will be totally panic selling, due to the "bad" merger deal just released. Try to buy in at the buy zone. hope for better wednesday.
CCIV EXPECT A RANGE TILL NEWS TUESDAYNEWS
CCIV to possibly announce DA on Tuesday with Lucid Motors Merger.
these dips and pullbacks are bought up quickly. so buy you dips!
SUPPORT & RESISTANCE
Support: $50
Resistance: $63
