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LUCID GROUP INC

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CH2A trade ideas

No hope for LCIDI let my pendulum pick stocks sometimes and it seems to have an affinity for those that just bleed lower. Anyway, I'm expecting a bit of a pop, but not far next week with a level around the $7 mark. Eventual target is 3.50 and guidance was it's there on the Oct. 13th date. When I did the original reading on the 9th, I got a dates of July 24th and 29th, as well as Oct. 13th. Then there's something about it for June of 2025 in case you really care. I would not waste my time. There are way better plays. Like XXII! Of course, I could be completely wrong about everything too! But, that's what I get.
NASDAQ:LCIDShort
by JenRz
4
Lucid Motors - As For Me, I Like The StockThe first thing I want to remind you of is that you should buy stocks when they're low, down, and red. Stop buying things when they're green and up bigly because you "see confirmation." If you can't let go of this attachment to only believing in what you can see and not believing until you're shown, then the Bible story of Doubting Thomas is really something to give a read. So about Lucid Motors: As for me, I like the stock. Here's some reality: 1. Electric cars are a real thing now 2. Tesla needs competition 3. Luxury electric cars from BMW et. al. kind of suck and there's no real demand for them 4. Lucid has cars on the road and even The Wall Street Journal gave them a thinly veiled advertorial after the Saudis infused some blood Also, although Lucid will soon be expanding into the China market, as of now there is no manufacturing in Mainland China. This gives Lucid significant benefits in the not-being-subject-to geopolitical risk like Tesla with its Shanghai Gigafactory located in Babylon is. Because one day in our lifetimes, I believe Xi Jinping will throw away the Chinese Communist Party like Gorbachev did in the 90s and everything will change because the persecution against Falun Gong launched by former Chairman Jiang Zemin (it's dead now) will be totally exposed and much of the world will be implicated. This will make life very hard for everyone who's been soliciting Shanghai (Babylon). Moreover, right now, Lucid makes cars in Arizona and in Saudi Arabia. With the 2024 Presidential Election looming, a Donald Trump win would be huge for any "Made In America" company. I'm not a huge fan of Trump, personally, but I think you should throw political bias away when it comes to analyzing the markets and figuring out how to invest your money/trade. The financials for Lucid appear to indicate that spending and R&D is up. This is actually a good thing, because it's very, very hard and takes many, many years for a car manufacturer to be able to get roots down in society and become a household name. It's going to be a "spend money to make money" kind of thing for Lucid. Anyways, the raid on the all time lows after the Saudi announcement is a good thing. You need to look at things backwards. Down is good if you want to buy. Up is good if you want to sell. The last week's action is definitely bullish and you should be thinking of how to get long on a pullback. The problem is, where can Lucid go? At $7 it's already worth $14 billion mcap. And unfortunately for everyone who WaNtS tO SeE a MoASsSsSSss the reality of getting one is you had a few minutes to sell the top and now the chart is a mess. On the monthly and weekly We can see that a healthy company would return to the $30 range. But with that stupid MOASS candle blocking the way you really may not get anything better than $10. I think the bear case if this is to go to $0 like MULN or some other dumpster fire coin is $15 All and all, if you go long here, can diamond hand a bit, and sell at $10 or $15, what exactly are you sad about? Put the FUD aside and all the yammering about "the fundamentals" and ask yourself if you really want to sit on the sidelines here and watch this thing do what IONQ has done until you "see confirmation" like Doubting Thomas saw his Master's spear wound after Lord Yahweh's Resurrection. Ultimately, I think we're going to see a pullback into the opening of July, but we need to see July rip over $8.50 for this to really be a long. But if you want for it to do that you might wake up to find $11 and it's already too late for regrets. Don't leave yourself with regrets. Use faith.
NASDAQ:LCIDLong
by LordWrymouth
4
Straddle. Myth Busting! Think like a Pro!Let's first look at a few images from our forecast database from the prior time period. Take note of the dates on each of the straddles in the previous cases. They were surfaced well before the market actions that pushed stock prices to the specified levels. Further, I'll include the answers about the nature of the Straddle option strategy, it's goal, benefits and drawbacks from ChatGPT's and Google's search results before we moving on. Question: "Write what is the point of creating and applying Straddle option strategy?" Answer: "The point of creating and applying a Straddle option strategy is to take advantage of potential price volatility in an underlying asset. A Straddle involves buying both a call option and a put option with the same strike price and expiration date. This strategy is typically used when an investor expects a significant price movement in the underlying asset but is uncertain about the direction of the movement. By purchasing both a call and a put option, the investor has the potential to profit regardless of whether the price of the underlying asset goes up or down. If the price moves significantly in either direction, the investor can exercise the corresponding option and profit from the price difference. The potential for profit is higher if the price movement is larger. It allows investors to benefit from large price swings without having to predict the direction of the movement. In summary, the point of creating and applying a Straddle option strategy is to capitalize on potential price volatility in an underlying asset, regardless of the direction of the price movement. It can be a useful strategy in certain market conditions but comes with its own costs and risks." And another one question: "Descride Straddle strategy way that is using "smart money" and professional traders when the price reach out break-points?" Answer: "Straddle" strategy is a popular technique among various market participants, including "smart money" such as hedge funds, and professional traders. The strategy involves buying a call option and a put option on the same underlying asset, with the same strike price and expiration date. This strategy is primarily used when a trader anticipates a high level of volatility in the asset but is unsure of the direction of the price movement. When it comes to the use of straddles around break-even points or 'break-points', the straddle trader sees an opportunity when the price of the underlying reaches these levels. Here is how they might apply the strategy: Establish the Straddle: As the underlying asset's price nears the break-even point, the trader, expecting a substantial price move, would establish a straddle by purchasing a call and put option at the same strike price (which is often close to the current price of the asset) and with the same expiry date. Profiting from Volatility: The main goal of the straddle strategy is to profit from expected volatility. If the underlying's price moves significantly up or down, crossing the break-even points, one of the options will increase in value faster than the other one will lose, resulting in an overall profit. Managing the Position: Depending on how the price of the underlying asset moves, the trader might decide to sell one of the options before expiry to capture its value while letting the other continue to its expiry, hoping for a continued significant move in that direction. Alternatively, if the expected volatility does not materialize, the trader could decide to exit the position entirely to cut losses. Adjusting for Further Price Movements: Experienced traders may also adjust the straddle strategy as the price of the underlying asset and its volatility changes. This can involve 'straddle hopping' (establishing new straddles at different strike prices as the asset price moves) or 'gamma scalping' (adjusting the position to stay delta-neutral)." If we simplify and compress everything above , it comes out that the Straddle technique is utilized when there is no confidence in the future market movement and allows trader make profit by raising volatility (I am not going into specifics for now) that is driving the stock beyond the breakeven levels. Ok. This information is provided by quite reputable data sources......... But, let's briefly return to the beginning of the article and take another look at the examples how this option strategy's use in real markets by real participants. Look at the screenshots for a while, and then think of what you observe. If there appears a discrepancy between what you observe and the information gathered from Google and ChatGPT, then your feelings are correct. In the cases above, it turns out that Someone invested millions of dollars in Straddles based only on the hope of increasing volatility and a substantial fluctuation in the price of the underlying asset? Seriously? Are there no backup plans? Of course, no. Professional market participants cannot act without a plan. Big and Huge Straddles are generated in the great majority of situations not at random, but by superimposing break-even points with the  graphical and VSA analyses results are reflecting the behavior of less informed market participants. To go down "the rabbit hole," the purpose of a synthetic option position must be defined and revealed. Let us take a break to allow for greater absorption of the knowledge obtained. We cover insights than aren't written in manuals and  trade guides! Stay with us!
NASDAQ:LCIDEducation
by ClashChartsTeam
$LCID: Short it once again...NASDAQ:LCID offers a very good reward to risk short position. Here's the breakdown: after thorough analysis, I've identified a target of $2.27, aligning with a timeline that stretches to December 15th, 2023 as per Time@Mode. Be aware of the pivotal level at $7.51, which essentially functions as the litmus test for the very viability of this entire maneuver. Should the price surge past that threshold, it's a signal to initiate a reevaluation of the strategy, or simply put: GTFO the trade. Now, let's delve into the logistics: shares are currently in short supply, so entering short positions is an exercise in futility. However, we can utilize OTM put options. A sufficiently far strike price with an expiration date of January 19th, 2024, might very well hold the key to capitalizing on this anticipated market move. The crux of the matter lies in strategically employing these options to ride the wave before it reaches its zenith and we get a gamma explosion as the OTM options go ATM. Best of luck! Cheers, Ivan Labrie.
NASDAQ:LCIDShort
by IvanLabrie
LCID, PUMP-ability is high!LCID rising volume net buys this past 48 hours is quite notable depicting an oversold exhaustion based on daily data. The stock is back at 1.0 FIB LEVEL -- the most discounted price you could get. Best to seed at this range -- as shorters seems to start exiting. 6.0 range has been a solid support level which has been tested a couple of times -- and always rejected to the upside. Volume has increased 10%+ from its average numbers conveying position buys at the current pricing. Histogram higher lows has been created cementing the present range as the new base for the incoming series of ascend. Spotted at 6.5 TAYOR Safeguard capital always.
NASDAQ:LCIDLong
by JSAL
11
Lucid, LCID Continuation Since my previous Lucid Chart it has been moving as expected and has broken above the last price target set. Now if LCID can break and hold above $8.14 the new target is $9.88 to fill the February Gap Down and will be an additional 21% Gain. Since June 28, Lucid has now established that it is trading above the 7 day EMA for 8 sessions now and that will in turn act as support. Lucid is also currentlyt trading within a Very Longterm Bear Channel with lots of potential to swing within the channel. The RSI and the MFI are both also confirmiung that the current upward trend should continue.
NASDAQ:LCIDLong
by grahammk
2
$LCID An Underrated EV PlayerAfter disappointing Q2 production and delivery numbers, Lucid Group, Inc. (NASDAQ: LCID) stock dropped 12% – ending the stock’s impressive 22% run on the news of its new deal with Aston Martin (LSE: ALM) for the latter to use some of LCID’s technology. Despite announcing underwhelming numbers, the drop in the LCID stock price could be an overreaction as the company’s fortunes could improve significantly when its Saudi Arabia plant starts delivering vehicles next September. Given the significance of this catalyst, the current dip could be an opportunity to go long on the stock ahead of this upcoming catalyst. LCID Fundamentals LCID’s Production & Deliveries LCID announced that it produced 2,173 vehicles, a decline of 6% sequentially, which means LCID has produced 4,487 vehicles so far in 2023. While the production number may seem low, it is still in line with LCID’s forecast of 10,000 in 2023. That said, LCID has missed on its target to increase its deliveries sequentially since it delivered 1,404 vehicles down from the 1,406 it delivered in Q1. The Saudi Arabia Plant Nevertheless, the underwhelming performance regarding production and deliveries may end soon since the first vehicle assembled in the Saudi Arabia plant is expected to roll out in September 2023. The new assembly line has the potential to improve LCID’s production and deliveries for the rest of the year and the coming years which in turn will increase its revenues and improve its fortunes substantially. Furthermore, the plant will start full production in 2025 according to LCID, and is expected to produce 155,000 vehicles annually and export more than 130,000 vehicles to countries in the Middle East region. With this, LCID will be one of the first EV manufacturers to enter the Middle Eastern EV market which is expected to reach $7.65 billion by 2026 according to a report by Mordor Intelligence, allowing it to build brand loyalty and set regional industry standards. Technical Analysis After it successfully tested the $7.11 support, LCID stock entered a neutral trend with the stock trading in a sideways channel between $7.11 and $7.98. Looking at the indicators, the stock is trading below the 50, and 21 MAs which is a bearish indication although it remains above the 200 MA which is a bullish indication. Meanwhile, the RSI is neutral at 37 and the MACD is approaching a bullish crossover. As for the fundamentals, LCID stock has witnessed a catalyst after the announcement of its Q2 production and deliveries update. LCID’s Q2 earnings on August 7 and the start of the assembly process in the Saudi Arabia plant will be future catalysts for LCID stock. With the stock trading near support, investors could find the current PPS a good entry point ahead of deliveries starting from the Saudi plant. LCID Forecast While LCID had disappointing Q2 production and deliveries, it is still on track to achieve its guidance for the year, especially since the Saudi plant will start the assembly process in September which will increase LCID’s production and deliveries. Furthermore, LCID has started using its vehicle powertrain and battery systems technology to make more revenue with the new deal with Aston Martin. With the backing of the PIF, LCID can dominate the Middle Eastern market which makes LCID stock one worth keeping an eye on.
NASDAQ:LCID
by Penny_Stocks_Today
A breakdown in Lucid very likely after 2023 Q2 Earnings Lucid's technical analysis suggests that the stock has been trading in a rangebound fashion between $7 to $8 for a considerable period of time. It did briefly reach $8, but it has consistently returned to the $7 level, indicating a support level at $7. However, recent lower delivery production numbers have resulted in high trading volume, causing the stock to decline below $7. This points out a potential breakout from the established range, with the next significant support level expected around $6. The upcoming earnings release on August 7th may be a catalyst for the stock to reach the $6 range. If the support at $6 fails to hold, it could trigger a significant decline. The Relative Strength Index (RSI) 2 is currently in the positive territory, suggesting an overbought condition that needs to cool down. Considering all these indicators, there is a possibility that Lucid may break below the $6 level in the near future
NASDAQ:LCIDLong
by adtrade21
Could a short squeeze be coming on Lucid?If you want to be notified every time I post a new article, just click 'FOLLOW' above. Also, if you want to learn more about a particular topic or need some advice, please comment below the article and I'll be happy to help. Could a short squeeze be coming on Lucid? Lucid Group, Inc. (NASDAQ: LCID) is facing a major production problem. To improve the situation, they launched a $3 billion public offering, which however resulted in a significant 20% dilutive effect on the value of their shares. In the start-up phase, the capital increase is a necessary step to ensure the future success of the company. Now that it has enough funds to scale production, its production woes may end soon. In 2022, LCID fell short of expectations, building just 7,180 EVs for the year. By comparison, Polestar (PSNY) produced 21,000 in the final quarter of that year alone. This decrease in production has caused waiting times to make reservations to lengthen, resulting in a dramatic drop in customer demand. LCID plans to ramp up production at its plants in Arizona and Saudi Arabia. The first facility will have a capacity of up to 365,000 electric vehicles per year, while Saudi Arabia is expected to have 155,000 in 2025. To achieve this, however, plants need to have adequate financial support and capital, EV now has approximately $6 billion in liquidated funds, an unprecedented figure for an industry startup. I believe that with the available funds LCID is able to scale its production, meeting higher demand as lead times decrease. A big plus is also the backing of the PIF, Saudi Arabia's sovereign wealth fund, which is one of the largest in the world. By the end of 2022, the PIF has invested a whopping $915 million in LCID, and placed an order to supply 100,000 vehicles to the Saudi government. Current developments show that the PIF attaches great importance to LCID due to the development of its 'Saudi Vision 2030'. As a result, we can state that the PIF will provide continued support to LCID. Saudi Arabia's Vision 2030 plan aims to create an economy less dependent on fossil fuels. To achieve the goal, the country is pushing more people into the private sector and investing in the electric vehicle market. This can be a big boost in such plans. After several unsuccessful attempts to enter the traditional ICE market, Saudi Arabia is trying to carve out a major role in the electric vehicle sector. Lucid's new EV factory is expected to be completed by 2025-26, and under the local EV brand Ceer, it is expected to produce 500,000 vehicles annually starting in 2030. Saudi Arabia is ready to welcome Lucid's electric vehicles with open arms. They said they will purchase 100,000 vehicles from LCID over the next ten years for use by government employees. This move will help boost Lucid's image in the Middle East. I am confident that with production underway in the region, Lucid will soon be able to export to developed Gulf countries. The UAE appears to be poised for the adoption of EVs and could prove to be a market full of opportunities for Lucid in the future. In summary, the shares have recently priced in a capital raise with a drop in value making this a good time to buy them and have over 30% short interest. This means that in the event of favorable quarterly reports or positive news, the stock could explode thanks to a short squeeze with the stock easily reaching $16. Author's note: The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Dr. Antonio Ferlito.
NASDAQ:LCIDLong
by Antonio_Ferlito
Lucid BreakoutLucid seems good after breaking falling trendline resistance can touch 9.15 after this breakout as a potential target one, and if breach this target we can see the next levels mentioned on chart in coming sessions as target two, a gap is visible on provided chart also can be filled during this process after target 1. what are your views on it please share in comment box, thanks and best regards. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Regards-: Amit
NASDAQ:LCIDLong
by AMIT-RAJAN
5