After the reversal end of February, we are in dire need of big news from Lucid Motors.
They need to deliver on their plan of making 20-30k cars in their new facility in Arizona.
Leading up the the sell off/reversal, people were buying into the rumour.
Until it sold off right after the news hit that the merger is going to happen.
The stock needs some good catalyst...
I was right about a possible drop of CCIV.
I would buy this stock in the range of $23-$26, not more. I don't want to FOMO. It's ok if the merge happens.
You can always make money with stocks. It's never late! Don't FOMO!!
What's your opinion? Your comments are welcome.
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Take into account that fundamentals (news) supplement technical analysis ....
Based on Technical and Fundamental Analysis the idea is to go long.
Shares of Churchill Capital IV (NYSE:CCIV.U) were having a wild ride on Friday, amid rumors that the special purpose acquisition company (SPAC) was close to announcing a deal to merge with electric-vehicle maker Lucid Motors.
NYSE:CCIV
