Bullish on LCID Let's see how this is going to unfold. For now, the first target is the middle line...
LCID trade ideas
Lucid Group, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Lucid Group, Inc.
- Wedge Structure | Trend Scale Up
* Double Formation(12345)
- Pennant Structure | Failed Target
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Lucid Price action based on DMALucid Price action based on DMA. Calculated the time we took to break 200 DMA and reclaim it
Lucid Motors updated projectionLucid Motors updated projection based on Gravity launch.
Used Ghost feed and 21,50 and 200 DMA price actions to come out with updated projection
LCID - Buying A Diabolical Chart Devastating crash from the breakaway gap and it has plunged below support.
As I covered before, this could well be a downtrend and there are plenty of EV's in what appear to be perpetual downtrends.
This could well be another EV that never recovers.
However in terms of liquidity, it has made a new low below support and back within the long term 2.272 Golden Window.
And so reversals are more likely in this area.
In addition, the day RSI hit 23 yesterday which is almost as low reading as the previous crash low in January.
Earnings coming up and with the chart looking so diabolical, logic of reverse psychology suggests that it may have a bullish reversal.
It may not, it may just die but I think this has a good chance to at least see some sort of bounce back above support.
And it could be a big bounce.
And its not impossible that it could even be a ST Secondary Test market bottom, though that has to be somewhat outside odds.
So i'm playing LOTTO here and i'm buying that chart because it is oversold, the chart looks diabolical, its in higher liquidity area in printing a new low and earnings are next week.
Not betting the farm 😅.
Not advice.
LCID: UpdatedLooks like LCID is bottoming, might go a little lower, but very attractive price.
Looking at BTC and stock market, LCID should also start going up very shortly.
We might see a short correction in Feb, but should continue going up until BTC and market peaks by end of 2025 or beginning 2026.
NASDAQ:LCID
previous one:
Possible Bearish View and Targets in Lucid Group, IncLet's take a look at the opposite view on Lucid relative to my other idea of a potential upside.
The bearish idea vs bullish idea (linked below):
Both scenarios are technically possible, but I lean towards a bearish outlook for this stock if it trades below the first red line and struggles to recover.
I must disclose that my analysis is primarily technical and does not include a fundamental evaluation of the company. If you have any fundamental insights, please share them in this thread. I would be happy to read and discuss them.
BULLISH Gartley on $LCID? Price movement to the upside. Chinese stocks like NYSE:BABA have printed bullish gartley’s lately and reacted well.
Chinese EV stocks in general are beaten down well one to the -80% to -90% range. Good indication for longs. Bullish forecast for the EV sector as the global warming narrative continues to drive all factors.
NASDAQ:LCID will be making headlines in the coming days. Bullish gatleys are the strongest harmonic, marking a major shift in the market.
LUCID GROUP, INCFrom a technical standpoint, Lucid Group appears to be far more likely to trade higher than lower. I have place 3 price targets which in my view are likely levels for price to trade at.
Lucid is still yet not profitable albeit some improvements to their revenues and profit margins over the last two quarters of 2024. I don't know much about the company products (other than car manufacturing), nor do I know much about the management team. My post strictly stems from a technical perspective.
This is a position I would take!
Date of writing Oct 3 2024
Lucid Group Trip Down to Lower $3's Before Uplift?! - LCIDHere I have Lucid Group, Inc - LCID on the Weekly Chart!
First, Technical. We see Price rock bottoms to its Lowest @ $2.29 on April 22 2024 and just after the Negative Earnings and Revenue report on May 6th 2024, Price creates an Equal High @ $3.35 followed by a Violation of Structure giving us a Higher Low @ $2.48 finding Support in the $2.50 Area to then make a Higher High @ $4.32!
Turning this once looking Downtrend to an Uptrend.
Prices Higher Highs and Lows are now being halted at the $4.20 - $4.40 Range where I suspect Price will need to find more Support before it can continue on to what I believe will be its next Target being the Next Swing High @ $5.31!
*Divergence in the Highs of Price relative to the Highs on RSI show Bearish Signs
The Bullish Rally in Price on August 19th left open quite a Gap to Fill from $3.83 - $3.30 and If Price is willing to fill it, the $3.46 - $3.13 Area looks very Valuable being there's:
1) - Equal High @ $3.35 being Potential Support
2) - Golden Fibonacci Zone @ $3.34 (55.9%) - $3.22 (61.8%)
(Based from HL @ $2.48 to HH @ $4.43)
3) - RSI after Breaking EQH, starts Trading Above 50
4) BBTrend Printing Smaller, Dark, Red Bars
All leading to Bullish Markers!
Now, Fundamentals. Lucid Group announced that it is set to launch not only 3 new affordable EV's but that it also plans to unveil the Gravity SUV later in the year "highlighting the company's advanced technology and mileage range on electric vehicles." In competition with Tesla's long reign.
www.tradingview.com
The "Fastest Armored Car On The Planet" is sparking investor interest with Lucid Air Sapphire is giving serious challenges to Tesla!
www.tradingview.com
The past 2 Earnings & Revenue Reports have both been Disappointing for the company but the most recent Report on August 5th compared to May 6th tell a slightly different story ..
May - Revenue Estimate (173.544M) / Reported (172.2M) = -844.404k
Aug.- Revenue Estimate (190.303M) / Reported (200.6M) = +10.279M
*Next Earnings and Revenue - November 5th 2024
LCID will be worth keeping a watch on .. Stay Tuned!!
LCID: A possible miracle recoveryHello,
Just took a snippet from the same chart to see if it repeats.
Take it lightly.
I think the peaks and bottoms price can be different, but structure I think should play out.
Happy trading.
NASDAQ:LCID
2 Pairs, 1 Stock (AUD/USD, AUD/JPY, LCID)Hey everyone!
I wanted to take some time and put together a quick video of some pairs and a stock I've been keeping analysis on!
Interest Rate Cuts for USD will be felt in all financial markets!!
Here I point out:
AUD/USD - Weekly Pennat
AUD/JPY - Weekly Correction Pullback
LCID - Fibonacci Levels
Let me know what you think!!
LCID - Big Pump Break Out!I've been quiet on this one but LCID is an EV stock that can really pump hard when it gets going.
Its been a devastating bear market.
So many traders will have become rekt through trying their luck with this name.
But devastating downside can lead to incredible pump action to the upside.
And now it is breaking out fast
Already up 25% today and could be more!
That means this weekly candle will likely be very large.
Though still some hours to go until the day close.
Notice that the week candle has a gap.
That could well be a Breakaway Gap I think.
Notice the high time frame bullish divergence.
That was a big clue that this would break up.
Also this pivot was captured by the magical reverse log 2.272 Golden Window (2.272 - 2.414).
We can see that it was also an Inverted Head & Shoulders pattern.
And we can see it as valid with RSI rising.
All of this offered a great opportunity 😼:
It is now hitting the yellow 50 week MA where it failed previously back in early 2023.
So its a big moment here.
If it breaks through then the sky is the limit 🌑.
But wouldn't be too surprising if there was some sort of sharp pull back perhaps back through the 50 week MA.
Overall this area looks much more positive that the 2023 pump.
Because we have seen a slow momentum shift to the upside.
And that suggests it has been an accumulation.
It does look like one way or another a significant bullish trend is developing.
And it could be a full on bull market.
We'll see how it develops!
Could be MUCH more to come 🧐!
Not advice
Lucid - Complex patterns to confirm our elliottwave outlookIn our previous report, we pointed out a projected wave scenario for Lucid’s stock, following positive signals indicating a short-term trend reversal. Now, we observe the formation of a bullish technical pattern, a cup and handle, and upon its completion, a rising triangle pattern emerges. All of this supports our wave outlook for the stock, which we had mentioned earlier. Let’s not forget, we are still in the accumulation phase, so once targets are reached, an exit and re-evaluation of support levels are necessary. We haven't reached the investment stage yet; we remain in the trading phase.
Long on Lucid groupWe had a long down trend, where the stock was decreasing for more than 2 years. Currently we have a local trend change, which would be the nice entry to ride the correction of this whole fall with the potential to see an ATH further.
Trade potential is 3x-7x.
Trade cancellation will occur in case of price fixation below 3.11$ with 2 full daily candles below the level.
DYOR
Lucid: Between Ambition and Reality - A Potential Scenario In our previous report, we highlighted the importance of the 3.40 USD support level during the current correction wave, during which the company formed five waves as an indication of the beginning of a general trend reversal. Between shareholders' ambitions and the company's financial performance, we expect a positive price movement supported by the company's quarterly results, provided they come out positively.
Additionally, the official announcement of the Lucid "Gravity," which is expected to boost the company's financial performance once it hits the market in 2025, could make that year the long-awaited optimistic one. However, the stock is still facing selling pressure in the medium term, so the current movement may be suitable for medium-term trading until a full trend reversal occurs.
LCIDan upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
Lucid Motors' shares surge 37% following major investmentLucid Motors has seen a remarkable 37% increase in stock value following a significant 1.5 billion USD investment from the Saudi Arabian Public Investment Fund, a principal shareholder. This influx of capital is pivotal as it supports the launch and development of Lucid's new electric vehicle, the Lucid Gravity. The investment enhances Lucid Motors' financial stability and liquidity, which are crucial for the continued innovation and production of their next model and building on the success of Lucid Air.
Lucid Gravity targets the burgeoning market for electric SUVs, combining premium quality with an electric powertrain – a rapidly growing consumer preference. With this strategic financial backing, Lucid is well-positioned to capture a significant market share in this segment.
Technical analysis of Lucid Group Inc (NASDAQ: LCID)
Analysing the potential trading opportunities based on the technical indicators of Lucid's stock:
Timeframe : Daily (D1)
Current trend : The stock has shown a strong upward movement, breaking past the resistance at 3.60 USD, which now serves as a new support level
Short-term target : The immediate upside target lies at the resistance level of 4.25 USD
Medium-term target : Should the stock surpass the 4.25 USD resistance, the next significant target could be at 5.00 USD
Key support level : 2.90 USD, which the stock recently rebounded from significantly
Growth scenario cancellation : If the stock breaks below the key support at 2.90 USD, it could negate the bullish scenario and potentially lead to a decline toward 2.50 USD
Given that Lucid's shares have previously reached as high as 60 USD in 2021, the current price levels suggest a substantial growth potential if the company can capitalise on its recent investments and market trends favourably. The recent rebound from the 2.90 USD support could begin a long-term uptrend for Lucid Group shares, especially as the company continues expanding its electric vehicle offerings.
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Lucid Motor VehiclesUS companies operating in the same motor vehicles industry
The list below has US companies that operate under the same industry, motor vehicles. The list helps track their performance, income statement, and more. Sorted by any necessary metric, it can show the most expensive stocks of the industry such as Ferrari N.V. or those with the best price dynamics like ZEEKR Intelligent Technology Holding Limited, thus assisting in designing strategies of any focus.
www.tradingview.com
Lucid Motors Price action Expectation - OpinionHere is my price action expectation and predictions for Lucid Gravity Launch.
Please note: This is just my personal opinion and not a financial advise.
I do not recommend buying or selling based on this chart. Please perform due diligence when buying or selling the stocks.
