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Technical analysis update: GM (13th July 2021)GM did gap up (at the open) towards resistance when U.S. market opened on 9th July 2021. Today it held just below resistance and did not retrace its gap. RSI and Stochastics reversed to the bullish side. MACD is neutral. ADX is very low which suggests weak trend or no trend in GM. At the same time price retracement failed to occur. If retracement fails to occur in the following days then bullish case for GM is strongly bolstered (for short term). Our short term price target is 60 USD and our medium term price target is 65 USD. However, investors should pay attention to the price action in GM over the coming days as earning seasson begins and with it we may see increased volatility in the market. Current setup: Prior developements from 26th May 2021: Here we stated that GM entered rectangle formation. We correctly predicted breakout above resistance and subsequently reached price target of 60 USD and 62.50 USD. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NYSE:GMLong
by Tradersweekly
Lucid Motors - CCIV - Recalculating - Technicals vs FundamentalsLucid Motors - CCIV - Recalculating - Technicals vs Fundamentals - From a technical standpoint, CCIV should return to close the gap around $50 after bouncing off the golden zone support. This is taking a long time for a company that is expected to increase in value with momentum. From a fundamental standpoint, Is the initial merger even complete? When will the symbol change from CCIV? There is no concrete delivery date for the first car deliveries. Each time they demo the car, they mention more improvements that need to be made. Then there's the elephant in the room. If the Lucid developers are from Tesla, will there be patent issues with the design and technology? Or is Tesla completely open source? Finally, from a speculative standpoint, if Apple is interested in Lucid, why wouldn't they purchase the entire company and cut out CCIV (is the CCIV merger final?)? We know Apple was interested in buying Tesla at one point. Basically Lucid needs some FIRM announcements to launch this stock to the next level. This is not financial advice.
C
by PortfolioBuildersClub
1
Lordstown Motors May Give Great Buying Opportunity ShortlyThis is an important time for Lordstown Motors' stock price. Lordstown Motors has been in a defined downtrend since November 24th. On December 8th they released a video showing CEO, Steve Burns, put the "skateboard" chassis to the test. I'm wondering how much that video slowed down the stocks slide. As the very next day on December 9th the stock was almost flat closing down just -0.88%. They are at a critical price point of $19.20. If the stock continues trending down and breaks this below $19.20 could see the stock fall further to its strongest support level of $16.38. If the stock does keep falling this will present an interesting buying opportunity. As seen on the chart, with the two black circles, shows Lordstown Motors' incredible support. If the stock dips below $19.20 and comes close to $16.38 then we'll have a chance to add to our position at a great long-term price. Lordstown Motors says they want to be first to market with their Endurance pickup truck with a revolutionary all-electric In-Wheel Drive System that utilizes four hub motors with integrated software—giving customers a motor and a mind in each wheel.
RLong
by TickerTimeNews
2
😯 Ferrari Could Be MASSIVE For Bears! (RACE)💰 LET'S GET INTO SOME FERRARI ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - This one could be massive as a potential triple top crown could be in motion. We are now approaching the highs of the previous last 2 major structures. This could be a huge money maker for a bear! - Let's also notice that we do have some lower lows on major structures. Failure to break higher will result in a massive drop I believe. - I'm looking to play this one on a timeframe like the weekly for a turn around and hold a long term position. Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NYSE:RACE
by UnknownUnicorn2319099
3