LCID - TrendLine - Support - ResistanceWith the help of Dow theory, HL and HH are identified. The trendLine has also been drawn with joining the body of two HL.
Support and resistance levels are defined.
Buy Call at next HL (around 42).
LCID trade ideas
LCID CRITICAL ZONESlcid is presenting a hight probability to reach its highest level, so keep your buyer position
lite correction can accure if rebound on 0.5 fibo level. do not worry just keep confidence on your LCID stock
good luck and don't forget make some likes and specialy follow me in order to push me doing my best
LCIDon 1W Frame
*RSI reaching over bought area
*fibonacci reaching 0.168
*no re testing yet
seems that we will have a correction to 25$
lcid long setupi have reason to believe that lucid is about to complete a little wave 2 correction here,
it was a 3-3-5 flat, rather than your usual 5-3-5 zig-zag.
what we know is, if this wave 2 was a flat - then wave 4 will be a sharp correction (so anticipate it when the time comes)
in theory what comes next in the days \ weeks ahead is a parabolic wave 3 with an upside target of $50.
there are risks to this trade, so keep a tight stop loss just below $20.50
4% risk
140% reward.
💸
Just the beginning for LCIDLong LCID over $40. Real deliveries with category leading range. Increasing volume and press coverage. Ready to rip.
LCID GAP FILL LCID looking to fill the Gap Once the gap gets tapped it shall fall through the whole gap entry around $44.30 and exit around $55.00
Lucid Starting a Run?Luicid Update: Took a LONG position at 36.33
a few days ago.
The near term Targets are there.
Looks like a lot of interest has come in, bullish
on the chart and industry. A lot of good press
on the company recently. This one may be a runner.
Maybe something for long term.
LCID IDEALcid chart : 0 as always happy trading / Keeping this a bit short as I am going to be very busy
LCID NEED TO CLOSE ABOVE $42 NASDAQ:LCID
LCID NEED TO CLOSE ABOVE $42, If not we may see it down trend to $26.
LCID GAP FILLlets watch for the LCID gap fill here, needs to keep volume up, positive news and with the EV industry staying hot this will continue.
Where to book the profitsI bought this baby back at $34 early this week per our previous post and i would be booking my profits above $52 on this (Next week most likely). Will plan to reenter later.
LCID - Will it be the next big one?LCID broke up strongly from a base formation on 28 Oct, breaking not 1 but 2 resistences @ 28.50 and 33 respectively. A retest of the near term resistence-turned-support at 33 on 1st Nov would have been a great opportunity to stake. Going forward 33.0 should be a rather strong support and I think a retest of 28.50 is probably unlikely.
This kind of chart has a potential to be a multi-bagger (however, please don't mistake potential for guarantees!). I would also prefer to see higher than average volumes that can sustain for the the next couple of months at least.
At current levels I would stake only half positions and be prepared to dollar cost average if it does retest around 33. In the "unfortunate" event that the stock crashes back to 28.50, then we need to analyse if it would continue to be an opportunity to dollar cost average.
Watch out for earnings expected to be out on 15th November.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
LUCID seems to follow elliot wave patternIt seems to had formed a flag & pennant pattern, which it broke upwards. I think this is an elliot wave and it's next target could be $50
LCID ABC Pattern LONGAfter the successful and BULLS EYE Head and Shoulders, Lets watch out for this one to play out today. Very nice risk to reward and weekly options will print out well.
All set to flyPer the post last week, looks like Wave 4 is in and we are ready for Wav 5.
Target $45.
LCID-GREAT TIMING TO GO LONGStill looks sexy BUY ON DIPS is great idea!
LCID stock is trading about 40% off its highs. Shares are sharply extended past a cup with handle's 28.49 buy point following last week's breakout move. The 5% buy area went up to 29.91.
Lucid(LCID) Breakout LONG from 36.33Breakout LONG on Lucid at 36.33.
8 month long consolidation at low levels and breakout. Targets on the chart.
This might be one to pay attention to.
Trade management, maybe buy 3 calls, take one off at first Target, then another
one off at second Target.
Then raise your stop on the last one to above break even, and let it run.
Try not to let winners turn into losers.
That's a prudent trade management strategy that usually works in the long term
if consistantly followed.
Goodluck!
$LCID very strong. Price target $74.55Very positive revues after first shimpents of NASDAQ:LCID . Market cap of LCID is higher than Honda now.
HEAD AND SHOULDERS LCIDLcid is showing a short time reversal pattern here. Confirmation when it reverses on the shoulders
Price may recover to cover the gapBased on TA and FA, after the breakout from $30 resistance, we may see Lucid recover back to previous gap down price level.
Lucid - Watch for next weekI was able to scalp it between 34-41 today but if you missed it, it might be trading again at 33.50 next week before the last Wave 5 up to $42.5.
This is the power of Wall Street Bets..!Lucid told investors in July that it expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to an investor presentation.
Now its market cap has passed Ferrari and became the 12th biggest automaker in the world!
This is happened because of WSB, not fundamentals!
Taking a position against this seems very risky,
the Best Strategy for those who have it could be cashing out the main capital and keep the free stocks and see what is going to happen!
Best,
Moshkelgosha
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LCID Stage 2 BreakoutNice volume breaking out of Stage 1 into Stage 2. 4th week in over the 30 wk ma. Entered a call position yesterday. Seeing if it can get to the target zone. NASDAQ:LCID
