LCID trade ideas
$LCID Important Levels to WatchAfternoon Everyone!
It is just and update on my last two posts on NASDAQ:LCID .
I have intentionally excluded Moving Averages on the chart this time as we all have an idea what and where they are. Currently NASDAQ:LCID is trading below the 50 SMA. Which is a bearish spot in short term.
Having said that, I think the stock has an upward potential. It might be forming a Neutral Wedge in short term. For an upward break though we need to watch the 4 AVWAP lines on the chart marked as red. This is along the thesis that I had previously. We need to deal with these lines to break out of the wedge.
I hope the update helps you all next week. Have a great weekend.
Thanks!
LucidLooks to clear to not be. However still needs to close below 22$ and use as resistance. HEAD and shoulders pattern only short if confirmed close below 22$
LCID bullish if LCID holds $23.50 inverse head and shoulders may play out for a %100 return
I like the LCID company it is an investment for me but looks good short term
I also don't trade with stop losses
LCID Consolidation!Hello Community!
When looking at the Daily TF, LCID is currently trading in a horizontal channel and has been for a while now. This is expected based on the merge that recently happened and now with CCIV changing to LCID, I can expect this consolidation to end very soon. There is a bearish divergence on the MACD to keep an eye on. We need to see how the price reacts at the yellow support and resistance line drawn. If it breaks above or below decisively, with a successful retest of the S/R zone then we will know when to go Long or Short. Let's see how this plays out.
Don't trade with what you're not willing to lose.
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LCIDWell, we're back at square one. Full retracement back into the magic triangle. Hope the supports line actually holds this time.
$LCID A follow up on Lucid MotorsCongratulations to all who have been trading NASDAQ:LCID on the first day! This write up is a mid-day follow up on the idea that I posted yesterday on CCIV or LCID.
So far NASDAQ:LCID has successfully broken the Anchored VWAP around $25.15 price level. In the morning session it broke above AVWAP's at $27.32 and $28.80 levels but could not stay above them. It will be crucial for LCID to break above these two levels tomorrow (or even in the Afternoon session) if we are looking into price targets such as $32.72 and above.
It is also a good sign that the stock is trading above the 21 day EMA and AVWAP's from both recent high and low. Technically, all 3 of these value areas should work as support in coming days. The progressive increase in Volume in last couple of days is also an important indicator to consider.
I hope this helps you all with the perspective and making good trading decisions.
Thanks!
LCID BREAKOUT Following up to my previous CCIV chart with a new LCID chart. clearly a breakout long-term. very happy with the results even if were to sell off today. $30-35 target short-term target within a couple weeks max.
