Lucid(LCID) Breakout LONG from 36.33Breakout LONG on Lucid at 36.33.
8 month long consolidation at low levels and breakout. Targets on the chart.
This might be one to pay attention to.
Trade management, maybe buy 3 calls, take one off at first Target, then another
one off at second Target.
Then raise your stop on the last one to above break even, and let it run.
Try not to let winners turn into losers.
That's a prudent trade management strategy that usually works in the long term
if consistantly followed.
Goodluck!
LCID trade ideas
This is the power of Wall Street Bets..!Lucid told investors in July that it expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to an investor presentation.
Now its market cap has passed Ferrari and became the 12th biggest automaker in the world!
This is happened because of WSB, not fundamentals!
Taking a position against this seems very risky,
the Best Strategy for those who have it could be cashing out the main capital and keep the free stocks and see what is going to happen!
Best,
Moshkelgosha
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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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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