CCIV - Technical Analysis 2/14/2021CCIV is about to get merged with Lucid in the upcoming future.
This is a TA of CCIV as I see it,
It did breakout from the 36 resistence but as you can see there is not enough volumes to support it.
Long trades are welcome, go with the trend.
I already took my tendies, will be looking to get in to another trade on Tuesday around 34-36 support lines if possible.
Lucid
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.
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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.
Analysis request: CCIV Long above 32.02Id like to see support continue above $28.00 on top of the current support zone, and above the orange trend.
The RSI is still cooling down a little and i wouldnt be suprised if we retrace further to the likes of 25.30 if we dont hold 28.
Id expect trading to continue above the current trend line (Red), but if we fall below, id be watching for 22.69 for support
Bearish below 25.30, bullish above 32.02, id stop out on a short term position under 25, or 22.69
It may take another day of red before buyers have an edge, and we resume to the upside.
A possible scenario for $CCIV this coming daysThis is a possible scenario for $CCIV (if no merge until saturday).
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).
Your comments are welcome.
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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.
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