LCID Script has completed the impulse and it is expected to do a complex correction ABCDE before it breaks the historic GAP.
Depth of correction is the target to re-enter long long position, which may give the all time high as a target.
Price action enters complex correction it may take some time to break 57 levels.
LCID trade ideas
LUCID GROUP Will Keep Growing! Buy!
Hello,Traders!
LCID stock is trading in an uptrend
And the pair, which is trading
In a rising opening wedge pattern
Has retested a rising support of the wedge
And showed a bullish reaction
So all the signals point in one direction
And I think that the growth will continue
Untill the pair retets the all-time-high resistance
Buy!
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Support & Resistance Zones Mapped!LCID had a nice run. The Bears have rejected the upward momentum twice but LCID is still looking strong based on the S/R zones shown. Do you think it will pump through the current resistance or will it dump below the diagonal support shown? I think it will touch the diagonal support but after that, I'm not too sure. A great EV company overall, so let's see how it plays out.
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This is not financial advice.
a correction is very possible scenario here!🍿hello traders lets take a look at LCID chart today!
currently in this strong trend channel, but every party must come to a end at some point.
on this smaller 4hr timeframe we can see lower highs while we approach trendline support! once that breaks theres not much support left.
on the bigger timeframe we can see another lower high! bulls couldnt push for the all time high breakout.
price targets are 40.65/30.06/19.47
goodluck! like and follow for more💘
LCID short ideaI have been following $LCID for a while now and I think I spotted the top of this bull run. The elliot wave count is done at the extended fifth wave (I removed the minor waves of the extension cuz the graph looked messy). In addition to the count, there is a bearish divergence on the RSI in the daily chart. Second wave usually retraces 61.8% so that is where my PT is. Good luck in your trades.
11/21/21 LCIDLucid Group, Inc. ( NASDAQ:LCID )
Sector: Consumer Durables (Motor Vehicles)
Current Price: $55.21
Breakout price trigger: $57.50
Buy Zone (Top/Bottom Range): $52.50-$47.90
Price Target: $64.70-$66.00
Estimated Duration to Target: 17-21d
Contract of Interest: $LCID 12/17/21 60c, $LCID 12/17/21 65c
Trade price as of publish date: $5.80/contract, $4.50/contract
$LCID Lucid Motors TA - Upcoming Week$LCID Lucid Motors TA and what to expect in upcoming week:
RECAP:
- We can see that Lucid Motors has broken the Resistance line and reversed from the $58/s range.
- Stock after correction bounced at the $42/s range and rose back to $55/s range last week.
- There was an RSI Divergence followed by a large price correction.
- REMEMBER always look out for RSI Divergencies.
- If you follow me I will always lay out the RSI Divergencies when I see them and publish it right away.
NOTES:
- IMPORTANT: Keep an eye on the $50 level range, as it is very important:
-- IF the stock bounces off the $50 level range, it will up-trend towards $58-$60/s range.
-- IF the stock BREAKS the $50 level range it will down-trend towards the next bounce at the $42/s
FUNDEMENTALS:
- We typically do not do any FA here, but very important to note that right now stock futures are -200pnts as I write this.
LCID 15 minDISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you