LCID trade ideas
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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RocketA company of the future, a good product. Technically, if it fixes on the resistance level, it can grow up by 15-20% more. It is better to lead the trade with a trailing stop. The target for the best exit is 35.
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Entry LCID@ $26 Target $48 Feb 1, 2022Lucid Motor Group, Inc
Entry LCID@ $26 Target $48 Feb 1, 2022
Entry LCID@ $25 Target $48 Feb 1, 2022
Entry LCID@ $24 Target $48 Feb 1, 2022
Technical Chart Set-up
1. Break out of Ascending Triangle
2. Pull-back below $24
3. Pushing Up to $28
4. Ideal Entry @ $24/$25/$26/$28
5. Target range $48 to $80
Fundamental Asset Description;
Cars That Are Intuitive, Liberating, and Designed for All The Ways People Get Around.
Visit Our Digital Configurator to Get Started Customizing Your New Electric Vehicle.
Ultra-efficient. Alexa-enabled. 2,400+ Chargers. 0-60 mph in 2.5 Seconds.
Company Website: www.lucidmotors.com
Catalysist: Production Rap up and delivery for 2021 to 2022
Lucid Group looking to gain ground. LCIDA corrective triangle looking to enter its final leg sooner than later. Aggressive stance, as no pivot is confirmed.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
LUCID Although we shorted the upper resistance channel and that will still be key reistNce, the main ichumochi cloud resiatnce isn’t even 1/4 of the strength it was on th previous rips. This might be the time Lucid breaks out ! Watching 26$ area for an entry. This could be setup for a big move out of this considlation !!!