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Lucid Group, Inc.Lucid Group, Inc.Lucid Group, Inc.

Lucid Group, Inc.

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LCID trade ideas

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.
NASDAQ:LCIDEducation
by MoonBets
1
LCID TradeStock is in support/buy zone. There is resistance at 35ish. There is also a crossing over of the 100 SMA with 50 SMA meaning there is bearish sentiment. Right now I would play this by selling put options around the support/resistance line. I would not mind being assigned the shares. The company is legit as it has many of the top exe from tesla and other companies. IF assigned the shares I would begin to sell covered calls on the stock My own DD - Do your own and use your own intuition. I am not a financial advisor nor is this advice
NASDAQ:LCID
by ImmaBruin
Lucid Group Analysis 14.02.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NASDAQ:LCID
by basictradingtv
5
LCID: Where Can We Look To Buy Lucid Stock? Where Can We Look To Buy Lucid Stock? Basic Information "Lucid Group, Inc. is an American electric vehicle manufacturer headquartered in Newark, California. The company was founded in 2007. Deliveries of the Dream Edition launch versions were made available to the first group of 20 reservation holders on October 30, 2021. Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle" In this analysis, I am going to share only the technical perspective of the potential price development. On May-21 and September-21 the price reached it lowest level for the corrective movement. On the first bounce price moved almost +67% higher from $17.5 to $30 and the second movement was a huge one from $17.5 to $57.5 or +227% The price is around the same price area again and the probability is very high that we can see the same movement to be repeated. I am looking at two potential reversal areas 27.50 and 20.50 On the other hand, you should do your own homework and dig deeper into the fundamental part of the company. Thank you and Good Luck!
NASDAQ:LCIDLong
by KlejdiCuni
12