Lcid
LCID - If you like to be early bird
Constructive volume with reclaim of 9 EMA and more importantly mid BB
3 Day chart shows EMA rejection, but that could mean near term weakness - even if it finds bullish flow in the short term.
Ideal long entry for me would be around 21 with SL as 20.0 (lower if you have bigger risk appetite)
short term target would be around 40. (where VMA would be if the trend reverses. Pullback around 43 would be the safest bet if you are a LT investor.
LCID: This pattern might REVERSE the trend for good!Hello traders and investors! Let’s see how LCID is doing today!
In the 1h chart, we see a clear bear trend, and LCID is trading below its 21 ema. However, there’s hope for it. The most important key point is the red line at $ 29.05. This point is the trigger of a Double Bottom chart pattern (Adam & Eve type).
The technical target for this pattern is the next resistance, which is at $ 47.59 (black line).
It is interesting to notice that in the 1h chart LCID is already doing higher highs/lows, and if it keeps doing this, eventually, it’ll reverse the trend in the mid-term.
It has an open gap to fill (earnings gap), and this might help the bullish thesis on LCID, at least for a while. Another thing that is important to pay attention is the volume, as it must increase as it goes up. Remember: The volume must confirm the trend (Dow Theory).
For now, let’s pay attention to the $ 29.05, as this is the most important key point for us now. Remember to follow me to keep in touch with my daily updates.
Quantitative Models or Analysts Ratings???In these charts, you can see the performance of Tesla, Lucid, NIO, and Rivian in 2022, which is -22%, -36%, -43%, and -59% respectively..!
In the below analysis I added the Technical rating and Analysts ratings from the overview page of these tickers:
My observations:
1- Technical rating show "Sell" for all 4 tickers!
2- Analyst ratings show Strong buy for NIO, buy for Tesla & Rivian, and Neutral for Lucid.
It seems this new feature "Analyst Rating" completely indicates the opposite direction..!?!?
Questions:
1-Who is/are the analyst(s)?
2-Why their opinion is so different from numbers and indicators/Oscillators?
3- What are the metrics these analysts use???
4- How should users interpret these contradictory ratings?
5- Do contradictory make trading easier???
As a user who use this platform for more than a decade, I think this is not good to add non-quantitative ratings to a platform that should move toward quantifiable trading/investing models..!
Why?
Because in the past decade Quantitative funds beat the performance of the market, hedge funds, and asset managers..!
Conclusions:
1- Indicator ratings are closer to the reality of the performance of the underlying assets because they are not emotional..!
2- Analyst ratings is far far far away from markets reality
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A review on my my Lucid analysis..!More than 50% decline in less than 3 months!
detecting the bullish breakout:
Detecting the Top:
And polishing short analysis:
And target reached:
Do not be fooled by those who promise to take you to the Moon..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Levels for Tomorrow on Various Stocks Levels tomorrow for SPY, QQQ, NVDA, LCID, TSLA
It seems likely the market wants to continue with this bullish sentiment/pullback.
If you are like me, that is, if you a reclusive introvert with a huge anxiety disorder, then you are probably finding it difficult to reconcile the bullish push with the scary circumstances of the world. But let it be known that the market isn't in the business of making sense! I know I find it very difficult to be optimistic and really bullish on anything under these circumstances. My Chiahuahau and I sit on the couch, vibrating in anxiety as we watch the current events unfold, meanwhile the market is partying it up with its lambos and rocket emojis.
Anyway, to the point!
Here are some levels to watch on various stocks. These based on my math models. Keep in mind, my go to stocks are QQQ and SPY. I am including APPL and NVDA. I don't generally trade these often, so I have neglected keeping these models up-to-date and I wouldn't rely to heavily on their predictions, but just to give you a guestimate of where to be looking.
Let's start with $SPY;
Apparent bull flag on the chart. It has already started breaking out of this bullflag (sorry for the bad trendlines, TradingView is being glitchy).
Its possible to see a gap up. I am hoping not, I hate these annoying gaps. But we will see.
Projected levels:
Open: 437 - 440 range (best guess 437.80)
High: 441-443 range
Low: 435 - 438 (if continuation of bullish sentiment, expect 438 or maybe a bit higher).
If we gap up and or open in the 440 range, highs likely to approach/slightly exceed 444.
Next $QQQ
Same sitch. Bull flag with a start of a breakout.
Gap-up possible.
Possible open: 344 - 346 range
Possible high: 346-348
Possible low: 339 - 342
If we can open around 346 and maintain bullish sentiment, I would anticipate a high approaching 350.
$NVDA
Same kind of deal. Bull flag however not a really convincing attempt at breaking out at this point.
For NVDA my next day calculations have traditionally been a little wonky, I generally depended on my adjusted levels, but I will share them anyway:
Open: OMIT (open data tends to be unreliable for NVDA)
High: 346 - 348
Low: 339-342
If we can open around 346 with good bullish sentiment, we can anticipate a high of 350 and above.
$LCID
Similar ish setup to the bull flag. Not really liking that wicking we see.
Tomorrow is a catalyst day and LCID is on my playlist. Earnings to be released. LCID responds to earnings based on market sentiment (in my experience), so if we have a bullish sentiment in the market tomorrow, we likely will see a bullish continuation.
The one thing I LOVE about LCID, is it generally respects my calculated levels, both on the low and high side, REGARDLESS of sentiment. QQQ, SPY, NVDA and APPL will throw my high or low levels to the wolves if the sentiment is overwhelmingly bearish and bullish, and immediately shoot towards my levels in the direction it wants to go. Whereas LCID will respect both levels, regardless (generally speaking). Anyway, LCID levels tomorrow:
Open: Low 26 range, maybe 27 if market is looking to gap up and also in anticipation of the earnings.
High: In the higher 27 to mid 28 range assuming we open in 26 range. If there is a gap up and overwhelming bullish sentiment, projections are up to 29.
Low: 25 range.
As I said, LCID is on my watch list. Looking for it to test in the 25s and hold for a play to the long side.
$AAPL
Very MEH set-up. I def wouldn't be playing this just based on the chart alone. But if you want, here are the levels I have calculated:
Open range: 164-165
High range: 166 - 167 (maybe a bit higher if the bullish sentiment continues)
Low range: 162-163
@TSLA
If you read my ideas, you will know, I hate TSLA because I have not been able to succssfully mathmatically model it.
As such, I have no projected levels.
Just based on the chart though, I anticipate some bullish start up to that yellow trend line. This would be doing that cup pattern it likes to do. Then option 1 is it gets rejected and falls (which it has done many times before) or it breaks out towards that ascending resistance and towards the 200 MA.
Below is an example of it doing exactly what its doing a couple of days ago.
This is kind of what I expect to see. But you know, its TSLA, so WTHFK.
My plays for tomorrow are going to be SPY, QQQ and LCID.
NVDA was a maybe, but I don't like how it hasn't made an attempt to breakout of that bull flag, so its pretty much off the table for now. I will keep my eye on it, if it tests my projected lows and holds, I may enter long.
Hope this is helpful!
Let me know if you like this kind of thing. It was kind of a lot to do all these cals and chart reviews, but if this is something that is interesting and/or helpful let me know and I can do it more often!
Enjoy the rest of your weekend and as always trade safe!
Also, leave your comments, questions and criticisms below. I love reading them!
NOT FINANIAL ADVICE.
How to Measure Head & Shoulders TargetWhat Is a Head and Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
An inverse or reverse head and shoulders pattern is also a reliable indicator that can signal that a downward trend is about to reverse into an upward trend. In this case, the stock's price reaches three consecutive lows, separated by temporary rallies. Of these, the second trough is the lowest (the head) and the first and third are slightly shallower (the shoulders). The final rally after the third dip signals that the bearish trend has reversed and prices are likely to keep rallying upward.
The opposite of a head and shoulders chart is the inverse head and shoulders, also called a head and shoulders bottom. It is inverted with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: The price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
Measuring head and shoulders price target is simple.
You'd measure the peak of the head down to the neck line, and then drag it to the point where the stock breaks out from the pattern.
Lucid Group Analysis 14.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Lucid Group Analysis 27.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Lower Levels for Lucid? Lucid Group - Short Term - We look to Sell at 35.20 (stop at 38.50)
Previous support level of 36.00 broken. Previous support at 36.00 now becomes resistance. Closed below the 20-day EMA. Our overall sentiment remains bearish looking for lower levels. Preferred trade is to sell into rallies.
Our profit targets will be 24.30 and 22.30
Resistance: 36.00 / 40.00 / 45.00
Support: 30.00 / 28.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$LCID Key Levels, Analysis & Targets $LCID Key Levels, Analysis & Targets
REQUEST for @Googlesaur
I have no position here…but I’d consider starting off small at Target 1 and seeing where the sentiment lies when it gets there…
If I take a position I will update the trade plan…
GL, y’all…
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Tesla, Lucid, and Rivian after one month..!On December 20, 2021, I published one article and discussed shorting Rivian could be the most profitable in comparison to shorting Tesla or Lucid..!
As you can see in the one month, RIVN is -26.49%..! While Tesla is up 8.74 and Lucid is up 1.6%.
I always said there are opportunities in any market if you are keen to find them, your trading mindset should be neutral..!
When your willingness to go long or short is equal, then your trading rules plays their role..!
Learn how to compare assets and find the best opportunities!
Taking the most favorable ones increase your chance of success..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.