LCID trade ideas
Support & Resistance Zones Mapped!LCID had a nice run. The Bears have rejected the upward momentum twice but LCID is still looking strong based on the S/R zones shown. Do you think it will pump through the current resistance or will it dump below the diagonal support shown? I think it will touch the diagonal support but after that, I'm not too sure. A great EV company overall, so let's see how it plays out.
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a correction is very possible scenario here!🍿hello traders lets take a look at LCID chart today!
currently in this strong trend channel, but every party must come to a end at some point.
on this smaller 4hr timeframe we can see lower highs while we approach trendline support! once that breaks theres not much support left.
on the bigger timeframe we can see another lower high! bulls couldnt push for the all time high breakout.
price targets are 40.65/30.06/19.47
goodluck! like and follow for more💘
LCID short ideaI have been following $LCID for a while now and I think I spotted the top of this bull run. The elliot wave count is done at the extended fifth wave (I removed the minor waves of the extension cuz the graph looked messy). In addition to the count, there is a bearish divergence on the RSI in the daily chart. Second wave usually retraces 61.8% so that is where my PT is. Good luck in your trades.
11/21/21 LCIDLucid Group, Inc. ( NASDAQ:LCID )
Sector: Consumer Durables (Motor Vehicles)
Current Price: $55.21
Breakout price trigger: $57.50
Buy Zone (Top/Bottom Range): $52.50-$47.90
Price Target: $64.70-$66.00
Estimated Duration to Target: 17-21d
Contract of Interest: $LCID 12/17/21 60c, $LCID 12/17/21 65c
Trade price as of publish date: $5.80/contract, $4.50/contract
$LCID Lucid Motors TA - Upcoming Week$LCID Lucid Motors TA and what to expect in upcoming week:
RECAP:
- We can see that Lucid Motors has broken the Resistance line and reversed from the $58/s range.
- Stock after correction bounced at the $42/s range and rose back to $55/s range last week.
- There was an RSI Divergence followed by a large price correction.
- REMEMBER always look out for RSI Divergencies.
- If you follow me I will always lay out the RSI Divergencies when I see them and publish it right away.
NOTES:
- IMPORTANT: Keep an eye on the $50 level range, as it is very important:
-- IF the stock bounces off the $50 level range, it will up-trend towards $58-$60/s range.
-- IF the stock BREAKS the $50 level range it will down-trend towards the next bounce at the $42/s
FUNDEMENTALS:
- We typically do not do any FA here, but very important to note that right now stock futures are -200pnts as I write this.
LCID 15 minDISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
Support & Resistance level for Lucid and Rivian..!Rivian and Lucid have entered the deflationary phase!
I believe Rivian could move toward 95 and cross below this level, and soon we see Lucid below 40!
Review the past few analyses could be interesting:
RIVN:
LCID:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or 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.
higher lows continue, bulls hold the control!📈LCID continues to make higher lows and bounce of this trendline support! if we continue this pattern i expect a rally to 62-70+ in the near future.
if it breaks below support we can see test of 35-40 if possible as well, so dont forget this quote "no one ever went broke by taking profits"
price targets are 55.8/61.27 ! like and follow for more💘
This could be the last day for Lucid as well!Lucid experienced a 258% gain in 54 days! reached the highest closed price and got dumped in the past 2 hours!
I think closing today could be a safe bet or increasing trailing stop loss to 52..!
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or 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.
Lucid LongJust added a regression Channel from the breakout, to see if it keeps in this Bullish zone.
The last time it tested the 60.00 it was just straight down from there till we bottomed at that 16-18 area and went back up.
This time it just feels like they are getting a few PR back to back, earnings for them, and an EV play that will attract people that are finding the next "Tesla".
60+ area will be interesting to see if it goes and holds, or stays around this 50 range for a bit.
LCID, 1 Hour, Symmetrical Traingleif its Break the Symmetrical Triangle
from this point it will shot to 48.95
*************************************************
BUT if its break
The trend of Symmetrical
Triangle from this point it will shot to 39.07
DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you