Khans Daytrade Ideas 03/17/22 #02 - $LCIDContinuation of reversal into uptrend.
Several Resistance-Areas & open POCs are above the current price.
LCID trade ideas
Recap: 3/14 LCIDStrat play 3/18 21p
Setup: 2-1-2 weekly bearish
Loss: 0.74 -> 0.55
Broke through weekly trigger. I lost money because I didn't set conditional orders and had technical issues with account setup.
If I had played it correctly, it would have been 55% gain.
Introducing lines of equivalence for options pricing comparison!
LUCIDAbove the yellow line, the targets are above in the chart below it. The target is below, and the most important thing is not to break the area below by closing a day candle
LUCIDAbove the yellow line, the targets are above in the chart below it. The target is below, and the most important thing is not to break the area below by closing a day candle
LUCID Long scenarioIt looks like LUCID is about to finish it's full Elliot Wave movement and the correction reached 0.886 FIb retracement level. I am considering this as a good opportunity to take a long position and target the previous All Time High.
Risk to reward ratio is almost 1 to 3.5
Good luck everyone :)
Trading LucidCAPITALCOM:LCID
Wanted to get in at 23.50, but it opened a lot higher.
The trade didn't work out.
On second thought I might cancel this one, since Lucid seems to be overvalued.
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.
LCID BIG SHORT POTENTIAL -LCID below 21.78 support is my Entry/ADD add on
-Looking to play this towards $17.00 a pop
-LCID tried to go green but got rejected
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.
Earnings watch 2/28 post-marketEarnings watch 2/28 post-market:
LCID
ZM
NVAX
BLNK
WDAY
PUBM
HPE
DDD
SDC
LAZR
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
LCID Forecast using GPT method. This is just to track a test going forward.
Prices are calculated from major highs and lows.
HEAD and SHOULDER pattern LCIDI see the head and shoulder pattern formation in the stock. take care and enjoy. Only for educational purposes.
$LCID, Earnings report could push this stock either way The short-term price movement is heavily dependent on the upcoming earnings report, however recent geopolitical events cannot be overlooked either. Even if delivery numbers are met, I don't think we can expect a substantial push to the upside given the uncertain geopolitical climate. On an earnings beat, I would expect the stock to retest the $30 resistance and perhaps flip it to support.
If the delivery numbers come up short, I expect the stock to retest the support at the $16-$17 levels.
Love the company and I'm invested heavily, however, I would take a risk-off approach heading into earnings.
strategy for LCID Thursday 02/24/2022analysis of the strategy: opening below the sell price (23.60) 1# as long as the closing on the daily chart is with a red candle, and the opening opens with a gap, this will be a gap bearish retest, it means this goes up to close the gap, but if at the closing of the gap the volume increases the price does not go down, it goes up.
the same happened with TSLA, ROKU, FB
lucidalthough holding in this descedning triangle this is a bearish pattern. i have seen these setups result in strong breakouts however until we can hold 30-29$ as support, my bets would be on the 21$ area as the launch pad to retest 36$. personally thats where my buy orders would be sitting unless we did push through 30s and hold as support
bearish signs ! 🚩lcid breaking back below extreme resistance, volume decreasing, bearish downtrend channel..
all are pretty bearish signs in my opinion, so I expect a dip to 17-20 area before a potential bottom.
a break back above extreme resistance would be bullish for lcid
like and follow for more! 💘
Lcid trade plan Iv is very high on lcid and they have upcoming earnings so i am probably not going to be playing lcid but i want to put this idea out their to others. This is a very bearish pattern that formed a support at 25.5. there is no clear support under 25.5 so i am looking at the next point at 20 which is a mental support. good luck everyone.
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.
strategy for LCID friday 02/18/2022LCID: sell zone ( 30.11 ) ( 29 80 )
LCID buy zone ( 26.00 ) ( 25.53 )
strategy: we should not chase the price in case the opening is above yesterday's closing price all this is sell zone the bullish entry is (30.20) resistance at (30.80).
bearish entry below (27.80) we can see it in the post market if it is so for tomorrow easy money
