CCIV (LCID) STOCK BULLISH BREAKOUT With the news today and most small market cap stocks being down, CCIV had a GREAT day for once haha. clear breakout from the downtrend and ticker change on Monday should cause more buying pressure again now that the "sell the news" theory is not in play anymore. My only fear is the SPY taking a poop on us sometime this week, dragging that $30 target further and further away. Other than that, I don't see why we wouldn't be able to get to that $30 target within the next few weeks. Please let me know in the comments what you think :)
Lcid
LCID BREAKOUT Following up to my previous CCIV chart with a new LCID chart. clearly a breakout long-term. very happy with the results even if were to sell off today. $30-35 target short-term target within a couple weeks max.
CCIV / LCID After Merger: Bullish Hammer Above 50MA and AVWAPThe merger between NYSE:CCIV and LCID has been approved today and the stock will trade under LCID from Monday.
A classic Bullish Hammer candle has formed taking support on the 50 day SMA and the AVWAP (Anchored VWAP) line anchored at the base since the merger was announced. Still the ticker is trading below AVWAP lines from the recent high, all time high and the first ever significant hike in January this year.
In my humble option, LCID needs to deal with these important resistances at $25, $27.40 and 28.90 price levels if we are hoping for a significant run. So far the Bullish Hammer above the above mentioned support levels is a good start. It has also broken out of the downward trend line that it has been following since the recent high.
Let's hope for the best! Also please let me know your opinion on it.
Thanks!
Churchill Capital CCIV / Lucid Motors LCID - Daily June 2021Ticker change will bring some extra hype here, but this all comes down to the company being able to back up their talk regarding 2021/2022 deliveries. I'm fully expecting this to test $30-$35 leading up to the official ticker change.
