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LUCID GROUP INCLUCID GROUP INCLUCID GROUP INC

LUCID GROUP INC

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LCID trade ideas

LCID - Will it be the next big one?LCID broke up strongly from a base formation on 28 Oct, breaking not 1 but 2 resistences @ 28.50 and 33 respectively. A retest of the near term resistence-turned-support at 33 on 1st Nov would have been a great opportunity to stake. Going forward 33.0 should be a rather strong support and I think a retest of 28.50 is probably unlikely. This kind of chart has a potential to be a multi-bagger (however, please don't mistake potential for guarantees!). I would also prefer to see higher than average volumes that can sustain for the the next couple of months at least. At current levels I would stake only half positions and be prepared to dollar cost average if it does retest around 33. In the "unfortunate" event that the stock crashes back to 28.50, then we need to analyse if it would continue to be an opportunity to dollar cost average. Watch out for earnings expected to be out on 15th November. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NASDAQ:LCIDLong
by Juliac
Lucid(LCID) Breakout LONG from 36.33Breakout LONG on Lucid at 36.33. 8 month long consolidation at low levels and breakout. Targets on the chart. This might be one to pay attention to. Trade management, maybe buy 3 calls, take one off at first Target, then another one off at second Target. Then raise your stop on the last one to above break even, and let it run. Try not to let winners turn into losers. That's a prudent trade management strategy that usually works in the long term if consistantly followed. Goodluck!
NASDAQ:LCIDLong
by dougscott174
This is the power of Wall Street Bets..!Lucid told investors in July that it expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to an investor presentation. Now its market cap has passed Ferrari and became the 12th biggest automaker in the world! This is happened because of WSB, not fundamentals! Taking a position against this seems very risky, the Best Strategy for those who have it could be cashing out the main capital and keep the free stocks and see what is going to happen! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor 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.
NASDAQ:LCID
by Moshkelgosha
7
RocketA company of the future, a good product. Technically, if it fixes on the resistance level, it can grow up by 15-20% more. It is better to lead the trade with a trailing stop. The target for the best exit is 35. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:LCIDLong
by QuantumLabSignals