1LCID trade ideas
LCID the next cycle Pretty clear to me that we are going to pull back and then run for the $100/sh mark over the next 5-9 months. We have more than likely already entered the correction stage that will bring us back to the $19-26 USD range before we bounce. The next bounce momentum will depend highly on the macro economic outlook. My guess is we take the path of the yellow due to serious harm inflicted by the current administration on the economy by failed policies and fiscal malfeasance by these grade school math flunkies.
LCID Script has completed the impulse and it is expected to do a complex correction ABCDE before it breaks the historic GAP.
Depth of correction is the target to re-enter long long position, which may give the all time high as a target.
Price action enters complex correction it may take some time to break 57 levels.
LUCID GROUP Will Keep Growing! Buy!
Hello,Traders!
LCID stock is trading in an uptrend
And the pair, which is trading
In a rising opening wedge pattern
Has retested a rising support of the wedge
And showed a bullish reaction
So all the signals point in one direction
And I think that the growth will continue
Untill the pair retets the all-time-high resistance
Buy!
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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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This is not financial advice.
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