1LCID trade ideas
$LCID #LCID Weekly Trade ideaLcid seems to be setting up nice with the weekly inside candle. Should provide a nice R:R
Also, seems that buyer are stepping in at the .61 fib retracement after that explosive rally we saw last month.
LCID Lucid Group like AMC Entertainment in May Welcome to my extensive and detailed technical analysis of Lucid Group ( LCID ).
Lucid Group caught my eye because of its similarity to AMC Entertainment in May 2021.
A comparison I show at the end of this analysis.
This analysis is very extensive and detailed and I show several bullish formations in the most diverse time windows.
The following time windows are discussed:
Weekly Chart
Four hours chart
Hourly Chart
To each analysis there will be a linked idea, so there is the possibility to judge individual analyses retrospectively using the play button function at TradingView (timestamp).
Let's start.
1. weekly chart
In the weekly chart, we can see and project different bullish patterns.
As seen in this analysis, a W formation has formed (white lines), which is currently in a so-called retest.
This retest can trigger a correction phase that can continue to the Fibonacci lines 0.236, 0.382, 0.618 and maximum to 0.786.
Typically, corrections are made to 0.236, 0.382.
The formation becomes invalid only when the price falls below the lowest point of the W formation.
The target of this formation can be divided into three targets.
Target 1 measured from the middle high to the "neckline".
Target 2 measured from the Left Low to the "Neckline".
Target 3 measured from the right low to the "neckline".
Thus, the following price targets result from this formation: (purple lines)
Target 1 53.54 USD
Target 2 66.13 USD
Target 3 76.05 USD
What is exciting here is that the chart at 64.82 USD, similar to AMC Entertainment back then can form a Superior W Formation, with targets of: (Blue lines)
100.08 USD
112.49 USD
113.58 USD
If one takes the trend-based Fibonacci Extensions to the help, one can determine additional Max targets that could be reached with strong sustained volume, and according to Elliot waves could define the target of wave 3. The targets are here, at the following price values: (Yellow lines)
159.66 USD
214.49 USD
248.38 USD
2. four hours chart
In the four-hour chart, we can see an Inverted Shoulder Head Shoulder Formation, which has already reached its target of 41.41 USD.
An Inverted Shoulder Head Shoulder Formation is a sign of a trend reversal and hereby signals us the end of the correction phase that has lasted since 18.02.2021.
After reaching the target and a subsequent correction phase, the price very often rises back to the price target of the Inverted SKS (Superior Retest of the W Formation from the weekly chart) and continues the upward movement.
3. hourly chart
In the hourly chart, we see a Bearish SKS that has its target at 30.33USD. (0.382 Fibonacci area from the weekly chart).
Overarching the possibility exists that a harmonic pattern is formed ( Gartley Formation ).
The Gartley Formation is to be considered as a trend-following pattern and gives the following price targets from point D ( 30.62 USD ): (Blue lines)
Target 1 34.78 USD
Target 2 37.40 USD
Target 3 44.65 USD
All these formations give me personally a good feeling that Lucid Group has a lot of potential upside in the long term.
Finally, I would like to show you a comparison picture to AMC Entertainment, immediately after my analysis at that time, the price of AMC Entertainment rose impulsively to the current all-time high at 77.30USD.
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer:
Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;)
This analysis is for informational purposes only and is scientific in nature.
This analysis is not based on any fundamental data!
This analysis is not an investment advice and should not be considered as a buy, sell or hold signal.
Always do your own research before investing and seek the advice of a qualified person.
I am not an investment advisor or similar and do not make any investment recommendations here.
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LCID 15 min AB=CDNASDAQ:LCID
DISCLAIMER:
I am not a financial /investment advisor. All information i am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
LCID 15 minLCID
DISCLAIMER:
I am not a financial /investment advisor. All information i am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
watching local resistance for breakout confirmation🦉$cid holding above its RSI/trendline/local support zones which shows me longs hold control for now.
we are being held back by local resistance at 43.5, once that breaks price targets are 48-52-55
if trendline support breaks we will see more downside.
goodluck <3
LCID: Dead Cat Bounce?After opeing at ~16% lower a the start of the trading day, LCID has been on a tear to regain support @ 45. While this move has been impressive, it is likely that the bearish trend has been established and LCID will continue lower - possibly retesting 40 - lather this week. Keeping an eye on this one. LCID 40 PUT 12/17 could be the play
$LCID | WEEKLY WATCHLIST 12/20$LCID 1D
Seen quite a few counts from others pointing towards more down. However, I want to provide a slightly more bullish look. **IF** lows hold from here, we may have put in a sub wave 2 and retesting $46 then $52.
LCID Bearish Bat Pattern formationTrade breakdown:
1. Buy after price breaks $42.55 with stop-loss around $38.
2. PT @ $51.60.
Good luck!
LUCID to $27pending confirmation of H&S pattern to break below the neckline. Once it does, I see this going down to the orange support zone at around $27 which is also 0.618 on the fib
LCID go shortLCID has a head and shoulder forming and broke its daily 50ma. Easy short to the daily 100ma. Grandpa style
LCID price forecastingBase on wave counting, it seems that price in range $31 - $33 will be the end of 5th wave and first wave will be completed. It will be a good chance to buy in that range before second wave start it's rally to upper prices.
$LCID - Head & Shoulders PatternIt seems to me LCID completed the H&S formation pattern. The only thing I don't like at this competition is the volume on the right shoulder. The volume should be smaller than the right shoulder .
What do you guys think ?
Do your own research. Cheers !
Is Lucid Group Stock Overvalued?Lucid is the largest SPAC deal involving an EV startup. However, it might be a good time to pause and take a hard look at LCID. Its stock has run up over 265% since Churchill Capital infused $4.4 billion in total funding to LCID and it could be overvalued. As a result, I am bearish on the stock.
Not a financial advice, I could be wrong
[stock] Lucid - LCID - Next Bullish Wave?Lucid - LCID - Ready for the Next Bullish Wave? We will see? Edutainment Purposes Only!
lucid longer term outlook???i decided to play around with elliot waves tonight and i pulled up a full tranperent veiw of the elliot theroy and put it against the lucid trend. lucid has huge potential and im a shorter term trader. howevr long term veiw looks phenominal for a long term iverster. this isnt hype post dont buy tops 100% becuase nothing is gaurenteed. this could be wrong but if we zoom out and look at what the possibilities could look like , if this is all going to be wave 1 of 5 we would still have occur what i posted in my last post which ultimatly would dip us to 28$ range.. but how nuts would this be if this was all going to end wave 1 of 5
lucidso ive been posting alot of shorts on lucid but i did some further looking into an ABC corrective wave structure. i was off with my A and B areas as i always though the and A and B was up towards the top closer to the 5th wave. so hear me out.... if this is correct, and im on point with this idea..... then we would push up closer to 43.50s before a pull back to the 41.80s...this will create an inverse head and shoulders pushing us up towards our B. this recent drop would be an A wave and we could be off to make the B. if im correct here our B would come up towards .786 fib towards 48.79... after these 2 scenerios play out here...from that point look at my red drawing here...if this is what i see on a proper elliot wave structure then we could see something similar play out.... this would be bullish for lucid short termish with a longer term bearish veiw after reaching upper 48.79s comment below if you agree or disagree with this structure
in order for this to play out, we NEED to push up towards close to 44-43.50ish range and see a pull back to the .618 fib
LCID Call in the next day or 2. Learning LEAPSI am currently studying how to enter leap position. Using Stoch RSI and RSI I am finding oversold spots with confirmation that could lead to good gains. I am still new at this so any help on my idea would be great. Waiting for Stoch RSI to break into the channel to enter for Jan 2023. The plan is to shoot for previous highs or 3 months hold which ever comes first.
Lucid Finding heavy resistance around these levels. EMA ribbon flipped bearish. Could be rising wedge. Ichumchi cloud that was support is resistance currently. EMA ribbon Goes as high as 41.50. The only bullish thing is the recent low is supported by EMA support on 4 hour and ichumchi cloud on 4 hour. Howver it could take some time to start flipping those bearish. Still be cautious unless we reclaim 42
