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 !!!
LCID trade ideas
LCID bull flagLCID: Strong downwards wedge after impulsive move signals a bull flag
~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum!
~ RSI also has a lot of room to grow.
~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this cross is weak as it has low volume.
~ Another err is the false breakout on the lower side before coming back in. This can be attested to the QQQ action of dumping today. The fact LCID was able to stay bullish despite QQQ and the VI being bearish/choppy for some of the day
LCID observations NASDAQ:LCID
I have been monitoring the after-hours activity from 2:30am Pacific Standard and on and my findings have shown that LCID has been trading around $.30-$.65 lower pre-opening before rising rapidly as we approach the opening bell, then bearing down even lower than it was in after-hours shortly after the bell. I have only recently started following this stock and am interested to hear any thoughts on why this is happening? I bought 1300 shares at $25.99 and am now kicking myself for not waiting a few days. Any thoughts or ideas on Lucid will be more than welcome in this thread.
EXIT LCID SwingClosing all LCID positions with my largest ever profit from my largest ever single stock position. I was going to keep this stock long-term, but there will be many other opportunities to make money from LCID in the coming years. The profit was about 30% profit from a variety of entries in the last 2 months. Thanks to SPICE AGLO for the 4D SELL signal. It confirmed MACD and RSI to indicate there is a significant chance of a pretty sizable pullback in the next weeks or days. I think LCID will retrench at least until customers finally get into their new space-age cars, and then this will take off again.
ENTRY CRITERIA
1. RSI below 20 and rising again - YES
2. Candles out of SPICE AGLO red cloud - YES
3. Traffic Light (Red-yellow-green) pattern on MACD bars - YES
3. Heiken Ashi reversal candles - YES
4. MACD cross up - YES
5. Investor Events/News - Huge drop due to expiry of PIPE investor lockup made for a huge buying opportunity. Te
Target duration - Long term
Target profit - open
Exit Criteria
1. RSI above 80 and dropping again - YES
2. Candles out of SPICE AGLO green cloud - YES
3. Green -blue-red pattern on MACD bars
3. Heiken Ashi reversal candle
4. MACD cross down
Early Exit Criteria )
Trailing stop if candles penetrate the upper side of SPICE ALGO green cloud
Entry LCID@ $24 Target $660 Jul 5, 2023Lucid Group, Inc
Entry LCID@ $24 Target $660 Jul 5, 2023
Entry LCID@ $23 Target $660 Jul 5, 2023
Entry LCID@ $22 Target $660 Jul 5, 2023
Technical Chart Anaylsis Conditions:
1. Break-out of Channel $67
2. Pull-back towards $18
3. Ideal Entry $18 to $25
4. Target $150 to $2,500 Range
5. Merger IPO Nasdaq Completion
Fundamental Assets Descriptions:
Lucid Group Inc. ... Lucid Motors is an automotive company that specializes in electric cars.
The company sets out to create a car that elevates the human.
$LCID now trading on Nasdaq
Company Website: www.lucidmotors.com
LCID short-term LONG PlayThis stock has potential of reach its $45 highs as more riskier plays are being played more and there is also a lot of volume coming in the stock.
Not only that, but the company has set to deliver their vehicles by end of October which would a great catalyst for the stock.
I can see this stock going to $45 but first it has to break the $28 level then break the $33 level which then would open up the possibilities for $45.
For an accurate target, I would say $32 by end of October would be reasonable.