$LCID - long 27.3 on volume. clears the 29.8 level = breakoutBeen waiting for this one for a while. News on there new EV was positive. More importantly buyers stepping in. TSLA also moving ok.
1LCID trade ideas
LCIDNeckline play into production preview week.
Look for similar volume to the first break of neckline on monday 9/27 for the retracement to occur.
LCID end of week $30News:
Last week we heard the fantastic news that the Lucid Air Dream Edition received an official EPA range of 520-mile.
Technical Analysis:
Last week, $LCID
* ended above the 50 moving average AND the 200 moving average,
* broke out the descending trending line,
* ended above the volume profile visible range (VPVR) point of control (POC),
* volume started to really ramp up,
* the MACD crossed (and stayed) above the signal
* RSI in the green
To me, except if we have a market correction across the board, $LCID should continue to move up and reach its resistance at $30.
Clearly a Keeper But Need to HoldTesting our patience but no issue with holding this for 6-12 months at least. Have a plan in case if the price drops below $17 too.
strategy for LCID friday 09/24/2021(LCID buy price 25.60)
(LCID sell price 24.60)
strategy: have a bar inside if the opening is above the buy price we must wait for the break of the maximum 26.13 of the closing candle of the daily chart. always wait for confirmation.
for a bearish entry: if the opening is above the buy zone, we must wait for there to be a break of the 24.62.00 low and the sell price, we wait for the retest at mv 9 or 10, 5mn chart period, remember not to anticipate.
LCIDlooks like more of the same here. Zig Zag & Flat corrections until some Catalyst presents itself and LCID will pick a new direction
LCID Still Game On.. No Sleep till $45!I have LCID running all the way up to major resistance at $44-$47
Lucid Motors - Ready to break out? Will it become the Apple Car?Lucid Motors - Ready to break out? Will it become the Apple Car? Or is this wishful thinking? Could Lucid want more available share in order for APPLE to become the controlling investor in LUCID. We know Apple wants to get into the EV industry. We know Tesla was not interested in selling to Apple. We know Lucid is interested in some sort of partnership with Apple. It seems logical for Apple to just purchase Lucid and have a head start on the whole car manufacturing process. This is just wishful thinking. This could never happen. Or could it? Edutainment Purposes Only.
Maybe a good entry pointLucid will hold a series of events for investors and the media at its Arizona factory next week. I expect that it will begin ramping up production of the Air shortly thereafter, but I also expect we'll get more details about its plans during those events.
i think we will see 15 before we run!i think we will see 15 before we run!
Because of WXY count and thy Y wave i think it’s a flat and we will have c down for short term
LCID - GAMMA Fail aheadSince Lucid introduced the Lucid Air... I've wanted one.
That was 2016. I enquired then as to purchasing one.
Nearly 6 years later... and Nada, Zero, Zip - From Slack to Spac.
What a shame, something so promising is DOA.
They will not meet their Goals for Delivery and continue to light
CASH on fire.
Years late and Billions short.
The Degenerate Gamblers loaded the woodshed on CALLS.
A high for Lucid is in range, we are SELLERS of Lucid as Objectives overhead
are met.
We believe LCID will trade to $10 or less.
What a shame about Lucid... it was such a story, now it's a storied Company.
LcidFound it’s self in the same consildation pattern. We could see it hit 27.64 as high as 30$. I would be cautious as we have trended in this channel for a while. We did have a big wick below support as when posted lucid dropping from 24.50 I was calling for 17.40. It was still a great buy if anyone bought down there. I’d be looking closely as we approach this 27.64-30$ range we could get rejected as we always do in this range. If we could
Hold support above and go sideways it could set up for something bigger, but this range has been know to reject
LCID 15/MIN AB=CD PATTERNS a small correction NASDAQ:LCID
LCID 15/MIN AB=CD PATTERNS a small correction
$LCID crunch timeLCID is at crunch time today - need to close at/above 23.42 for bulls to control, close below 5 mins intraday(9/20) hammer could live up to daily volume bar formation (middle finger) from last trading day 9/17. keep pumping above 23.42 or sideline..gl!
If you wan to see nice and perfect setup , come in I really search about it and they have really good fund in 2,3 months and wih his fund we can see minimum 100% up , lets see ....
Why Lucid will not become another Tesla?LCID becomes hot stock recently. There's strong hot air under its wings and lift stock price higher. Will it become another Tesla? A lot of people think so, but different opinions can be useful for unbiased investment decision.
1. Some of the car brands starting with B, T, F, G, and H are giants in the market. Brand starting with L before Lucid, Lotus might be the only one famous, but it's for high-end sports car market, far from popular and significant enough in market size. Lexus can be counted as another one, but I'd put it under Toyota family instead of independent car manufacturer.
2. Every major car manufacturer is joining the EV trend. The market is gradually becoming crowded. It's not one brand leads all era any more.
3. Valuation of Tesla is extremely high. It's both because of unique market situation like the Covid time liquidity over-abundance, and the potential full eco-system imaginary for Tesla and associated companies under Elon Musk. Any independent car manufacturer will not be able to achieve similar valuation, without an Elon Musk-like figure and a series of extremely successful associated companies.
4. You'd hope major investors of Lucid to be Sillicon Valley VCs like Sequoia, KPMG, etc., instead of Sovereign Investment Funds of Saudi Arab, which is not at the same latitude to connect all high-tech resources to a start-up company.
5. Lucid has an ambitious plan to reach 500,000 vehicles delivery by 2026. If it misses any major quarterly target or guidance, its stock price may drop like a rock. Even if it makes it by 2026, Tesla will by far ahead in total vehicles deliveries. Half a million EVs deliveries may not be something to boast about by that time.
6. Do consumers buy Tesla just because its auto-pilot system, long-range battery, etc.? Probably not, Tesla has become a high-tech icon and highly marketable brand.
There might be other aspects that I miss. However, just based on the above, I'd not put on rosy glasses for Lucid's future. Its stock price may go up for a while, but definitely not going to be anywhere near Tesla.
For personal analysis fun only, not financial advise or trading advise.
Sideway trending but bias on upsideSlightly bias on upside even thou the chart is on sideway trending since the stock received a bullish outlook from Bank of America analyst John Murphy, who set a $30 price target on the stock.
$LCID - Call Put SpreadWill be interesting, LCID has a history of filling the gap, something we could see happening, but is also forming a bullish consolidation. If it doesn't break out/down before theta is priced in from this weekend, it could be a great spread.
$LCID $$$printer$LCID gapped up last two candles on catalyst - long call from yday for +1R and shorted (bought 0 dte 23puts) for +3R.
- bought oct calls yday at last minute after looking intraday price action with profit target at 23.42 and sold today for +1.28R
- bought 0DTE 23 puts - 5mins chart @9:25am - price hit 23.51 high but fail to close above 23.42 on 5 mins candle forming one black soldier + double top
23.42 is key resistance - on 8/16 daily chart, price gapped down aka falling window.
i'm unbiased and possibly take position at last 15 minutes before close -
if close and/or price action is above 23.42 - LONG ..go 520miles w/ stop loss high of yday
if close and/or price action is below 23.42 - SHORT w/ stop loss high of today
lcid 9/16 analysislcid chart. will fly if it breaks out of $24. if it goes below 22.5, will trend down
