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.
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LCID trade ideas
Entry LCID@ $26 Target $48 Feb 1, 2022Lucid Motor Group, Inc
Entry LCID@ $26 Target $48 Feb 1, 2022
Entry LCID@ $25 Target $48 Feb 1, 2022
Entry LCID@ $24 Target $48 Feb 1, 2022
Technical Chart Set-up
1. Break out of Ascending Triangle
2. Pull-back below $24
3. Pushing Up to $28
4. Ideal Entry @ $24/$25/$26/$28
5. Target range $48 to $80
Fundamental Asset Description;
Cars That Are Intuitive, Liberating, and Designed for All The Ways People Get Around.
Visit Our Digital Configurator to Get Started Customizing Your New Electric Vehicle.
Ultra-efficient. Alexa-enabled. 2,400+ Chargers. 0-60 mph in 2.5 Seconds.
Company Website: www.lucidmotors.com
Catalysist: Production Rap up and delivery for 2021 to 2022
Lucid Group looking to gain ground. LCIDA corrective triangle looking to enter its final leg sooner than later. Aggressive stance, as no pivot is confirmed.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
LUCID Although we shorted the upper resistance channel and that will still be key reistNce, the main ichumochi cloud resiatnce isn’t even 1/4 of the strength it was on th previous rips. This might be the time Lucid breaks out ! Watching 26$ area for an entry. This could be setup for a big move out of this considlation !!!
LCID bull flagLCID: Strong downwards wedge after impulsive move signals a bull flag
~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum!
~ RSI also has a lot of room to grow.
~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this cross is weak as it has low volume.
~ Another err is the false breakout on the lower side before coming back in. This can be attested to the QQQ action of dumping today. The fact LCID was able to stay bullish despite QQQ and the VI being bearish/choppy for some of the day