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LUCID GROUP INCLUCID GROUP INCLUCID GROUP INC

LUCID GROUP INC

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LCID: Watch for a possible reversal pattern!Hello traders and investors! Let’s analyze LCID today! I’ve been analyzing during my videos on YouTube, but this is the first time I write about it here on TradingView. I hope you’ll find something useful. First, in the 1h chart, LCID is clearly in a bear trend. We have a series of lower highs/lows, and the 21 ema is above the price, pointing down, potentially working as a resistance today, as it couldn’t break it during the first hour. In order for LCID to reverse, we must see it breaking the 21 ema, and doing a bullish structure, preferably, a higher high from here, followed by a higher low. What’s more, if LCID is about to reverse, now is a good time. We don’t see any confirmation yet, but we are just above a support level, which is better seen from the daily chart: Yesterday, we had a very strong bullish candlestick, with decent volume, just above the $ 39.27, the previous support level. The only problem here is the 21 ema again, which is also working as a resistance. It is worth to notice that the 21 ema in the daily chart is almost at the same price seen in the 1h chart, something not that common to happen, making it a dual-resistance in different time-frames. This candlestick pattern alone might be a buy sign for many, as the risk/reward ratio is making sense, in my view. I just prefer to see a better bullish structure in the 1h chart first. Let’s see how it’ll play next. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices! Have a good day.
NASDAQ:LCID
by Nathan_The_Finance_Hydra
11
$lcid #stock #short under investigation by #sec to 50DMA to $36said it received a subpoena from the Securities and Exchange Commission related to the deal that took the electric-vehicle company public this summer. The Newark, Calif., startup is the latest electric-vehicle maker to draw the scrutiny of federal regulators, which comes as the SEC is taking a harder look at the optimistic revenue projections used by young businesses that have merged with special-purpose acquisition companies, or SPACs. The burgeoning electric-vehicle industry has caught the attention of investors, but also federal regulators, with several of them the subject of investigations. In March, Lordstown Motors Corp. said it was cooperating with the SEC to provide information it requested. In September lcid has the same #market cap with f ford. it is crazy… #ucidmotors is a bubble right now.. It will reach at least $36 the 50dma … short position and here except dwac
NASDAQ:LCIDShort
by Hephaestus_Trading_Desk
2
Lucid price target for the comming week!LCID could move toward 47-43 once again and this means put options have high return potentials this week! reviewing previous analysis could be beneficial: You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha 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.
NASDAQ:LCIDShort
by Moshkelgosha
10
LCID the next cycle Pretty clear to me that we are going to pull back and then run for the $100/sh mark over the next 5-9 months. We have more than likely already entered the correction stage that will bring us back to the $19-26 USD range before we bounce. The next bounce momentum will depend highly on the macro economic outlook. My guess is we take the path of the yellow due to serious harm inflicted by the current administration on the economy by failed policies and fiscal malfeasance by these grade school math flunkies.
NASDAQ:LCIDShort
by fastco2917