Lucid
$LCIDLCID is trading on the support level this April at $17.62 same price of last April 2021. I believe the proce will trade above $20 for these reasons:
- Biden administration announcement $3B to support the domestic battery production.
- SAUDI ARABIA has agreed with Lucid to buy up to 100k of the cars during 10 years.
- MACD & SMA shows the price up direction.
Hopefully the Earnings support us.
Lucid LCID Is Repeating a Previous Bullish BehaviorShares of the electric vehicle manufacturer Lucid LCID bounced today after dropping more than 10% over the past five days.
Lucid Group LCID announced the launching of a new, faster Air luxury sedan with 1,050 horsepower and a 446-mile range that will be priced at $179,000 and will hit the markets in June.
Lucid stock LCID rebounded from the demand area around $21.25 forming a confirmed 4hr hammer candlestick to show a more proven control of buyers.
It is worth mentioning that the buyers had shown the same behavior previously in Mar 15 2022 to rally by about 30% afterwards hitting $28.13 resistance point.
Targets: $22.90 – $23.80 - $24.12
Lucid to Bounce? Lucid Group
Short Term - We look to Buy at 22.03 (stop at 20.23)
We look to buy dips. Previous support located at 22.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look for a temporary move higher.
Our profit targets will be 26.24 and 29.35
Resistance: 30.00 / 37.00 / 45.00
Support: 22.00 / 20.00 / 17.50
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.
Lucid Group Analysis 14.02.2022Hello Traders,
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A sharp increase is expectedAccording to the pattern, stock is in the best entry position and two levels of price increase up to 0.35 and possibly 0.4 are foreseen. Highly recommended for Mid-term.
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.
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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.
Lucid Group Analysis 19.01.2022Hello 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.
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FISKER at an important support, ready for another rally?$FSR as it can be seen on the chart is at a support line which if it holds it will increase the chance to start a new rally. The other supporting conditions are oversold MoneyFlow or any momentum oscillator, a divergence between the price and the momentum oscillators for the last few days. If the support line does not hold, we should drop to the $12-$13 area, which has been a very strong support area even when there was heavy selling pressure on small caps particularly SPACs, and unbearably on most of the EV start-ups. So this area would present a very good entry point considering the risk and reward.
Today, $FSR has a 4.65B market cap, which if we compare it to $LCID at 60.78B it is way cheaper. The only big difference is that Lucid has started to put cars on the street while $FSR is set to do so in November 2022. The first Fisker car is a crossover SUV called Ocean, which has a superior design and very competitive pricing revealed by the company in the LA car show back in November. I am expecting a huge run when it happens and most likely when we get closer to the production.
Fundamentally, the company is doing well. Since it is still in its early stages it is considered risky, but given the lowered risk of production execution and having a top-tier design by the CEO himself this company had a lot of potentials for growth. EV stocks are expected to do very well in the coming few years as electrification is increasing exponentially. I am considering $FSR a good potential multi-bagger for the next few years, nevertheless, a lot depends on the execution of course. This is not financial advice, DYODD!