LCID - Lucid Long positionI have been following this stock for a while due to someone losing a lot of money on it.
This descending triangle has been catching my eyes. With the recent news with Riyadh Airline, I would confirm that LCID may see a potential growth for next while.
Even though the targets are far away, I am keeping this posted as a proof to this friend :).
if you make banks from this stock, remember to reach out :D
LCID trade ideas
It reminds me of Tesla early beginningsLucid has been majority-owned by Public Investment Fund, the sovereign wealth fund of Saudi Arabia.
PIF, which owns more than 60% of the company, has agreed to buy 265.7 million shares in a private placement for about $1.8 billion, Lucid said.
Though it burned through around $3.6 billion over the past 12 months, Lucid still has almost $5 billion of cash and similar investments.
Don't Talk To Me About... LUCID UNTIL..I only want to hear about LCID once it breaks this trenline... this company keeps getting MILKED and anyone who invested ever after IPO is under water... what a shame. Once this trendline break then I will consider a long and yes 100% with a stop-loss.
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LCID Lucid Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of LCID Lucid Group prior to the earnings report this week,
I would consider purchasing the 5usd strike price in the money Puts with
an expiration date of 2023-11-17,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
LCID - potential rebound?Swing and banker still holding.
Possible for intraday and retailer enter the market?
Market maker will tell us soon.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
LCID | Bearish continuation - little hope for bullish reversalBULLISH INDICATOR (Sep 07)
1. No sign of bullish reversal in near future.
2. A strong support channel present between 5.49 and 6.09.
3. If bullish divergence would be seen and price breaks out of the Falling Wedge pattern, in upward direction then there might be hope for bullish move/recovery.
BEARISH INDICATOR (Sep 07)
1. A sequence of LLs, LHs and negative momentum is expected.
2. A solid bearish trend line is obvious on its charts.
3. Two chart patterns are visible:
a. Falling Wedge (Reversal Pattern). If any bullish divergence would show up then this reversal pattern could play and LCID could move in bullish direction.
b. Descending Triangle (Bilateral Pattern). In the absence of bullish divergence bearish wedge is further expected.
c. Price can break in both directions. For bullish move, company needs to show YoY revenue, positive cash flows and improving net profits.
4. Price action is below 200-EMA and positions must be liquidated.
PREDICTIONS
1. Stock is available at a very economical price but LCID's fundamentals do not currently show a Rosey picture.
2. There are more bearish signals than bullish.
3. For a bullish reversal, a bullish divergence is required on RSI, and price need to move upward and crosses 9.3, for a confirmation of a bullish reversal.
4. If you hold LCID, then sell them now or maybe put a stop loss at 5.35.
5. If you want to buy LCID, then wait till price crosses crosses 9.3 in upward direction.
BIAS 1 = SHORT- PLAN A (Now @ Market)
BIAS 2 = BUY- PLAN B, (@ Buy Stop at 9.3 and SL 5.35)
LCID setting up falling wedge breakout LONGFrom the 1H chart, I have drawn descending and falling trendlines with the resistance
falling faster, That is to say I see a falling wedge pattern which might be typically
at the bottom of a trend forecasting an upside breakout. LICD made a small move
up in the past 3-4 hours of trading. Overall the indicators support the idea of a
reversal especially on the dual TF RS indicator with the green lower TF rising over
the higher TF black line and above the 50 level. Likewise, the ZL MACD shows a
line cross under the histogram which went red to green in a bit of bullish divergence.
The ADX oscillator has yet to show much of anything with the lines hovering about the
20 level. Overall, I expect a breakout however I am willing to take a trade now because
price is near to the support trenline allowing for a small stop loss and a 6% move to
the upper resistance trendline. From there I anticipate a break above the line and
continuation. In the bigger picture, TSLA is moving up again and other EV stocks may be
simply following the leader. ( SL 6 TP1 6.4 TP2 6.85 TP3 7.4 )
luicd group about to jump!?about to average out to 8.20 it will fly up to the green line the after that to will average out to 8.20 information brought to you by yahoo fiancee on there average price. or it will crash but i don"t think that will happen this company is going to change the middle east EV industry because 60 percent of the company is owned by the saudis i mean owned by PPF Hegde fund
No hope for LCIDI let my pendulum pick stocks sometimes and it seems to have an affinity for those that just bleed lower. Anyway, I'm expecting a bit of a pop, but not far next week with a level around the $7 mark. Eventual target is 3.50 and guidance was it's there on the Oct. 13th date.
When I did the original reading on the 9th, I got a dates of July 24th and 29th, as well as Oct. 13th. Then there's something about it for June of 2025 in case you really care.
I would not waste my time. There are way better plays. Like XXII!
Of course, I could be completely wrong about everything too! But, that's what I get.
Lucid Motors - As For Me, I Like The StockThe first thing I want to remind you of is that you should buy stocks when they're low, down, and red. Stop buying things when they're green and up bigly because you "see confirmation."
If you can't let go of this attachment to only believing in what you can see and not believing until you're shown, then the Bible story of Doubting Thomas is really something to give a read.
So about Lucid Motors: As for me, I like the stock.
Here's some reality:
1. Electric cars are a real thing now
2. Tesla needs competition
3. Luxury electric cars from BMW et. al. kind of suck and there's no real demand for them
4. Lucid has cars on the road and even The Wall Street Journal gave them a thinly veiled advertorial after the Saudis infused some blood
Also, although Lucid will soon be expanding into the China market, as of now there is no manufacturing in Mainland China.
This gives Lucid significant benefits in the not-being-subject-to geopolitical risk like Tesla with its Shanghai Gigafactory located in Babylon is.
Because one day in our lifetimes, I believe Xi Jinping will throw away the Chinese Communist Party like Gorbachev did in the 90s and everything will change because the persecution against Falun Gong launched by former Chairman Jiang Zemin (it's dead now) will be totally exposed and much of the world will be implicated.
This will make life very hard for everyone who's been soliciting Shanghai (Babylon).
Moreover, right now, Lucid makes cars in Arizona and in Saudi Arabia. With the 2024 Presidential Election looming, a Donald Trump win would be huge for any "Made In America" company.
I'm not a huge fan of Trump, personally, but I think you should throw political bias away when it comes to analyzing the markets and figuring out how to invest your money/trade.
The financials for Lucid appear to indicate that spending and R&D is up. This is actually a good thing, because it's very, very hard and takes many, many years for a car manufacturer to be able to get roots down in society and become a household name.
It's going to be a "spend money to make money" kind of thing for Lucid.
Anyways, the raid on the all time lows after the Saudi announcement is a good thing.
You need to look at things backwards. Down is good if you want to buy. Up is good if you want to sell.
The last week's action is definitely bullish and you should be thinking of how to get long on a pullback.
The problem is, where can Lucid go?
At $7 it's already worth $14 billion mcap.
And unfortunately for everyone who WaNtS tO SeE a MoASsSsSSss the reality of getting one is you had a few minutes to sell the top and now the chart is a mess.
On the monthly and weekly
We can see that a healthy company would return to the $30 range.
But with that stupid MOASS candle blocking the way you really may not get anything better than $10.
I think the bear case if this is to go to $0 like MULN or some other dumpster fire coin is $15
All and all, if you go long here, can diamond hand a bit, and sell at $10 or $15, what exactly are you sad about?
Put the FUD aside and all the yammering about "the fundamentals" and ask yourself if you really want to sit on the sidelines here and watch this thing do what IONQ has done until you "see confirmation" like Doubting Thomas saw his Master's spear wound after Lord Yahweh's Resurrection.
Ultimately, I think we're going to see a pullback into the opening of July, but we need to see July rip over $8.50 for this to really be a long.
But if you want for it to do that you might wake up to find $11 and it's already too late for regrets.
Don't leave yourself with regrets.
Use faith.
Straddle. Myth Busting! Think like a Pro!Let's first look at a few images from our forecast database from the prior time period.
Take note of the dates on each of the straddles in the previous cases. They were surfaced well before the market actions that pushed stock prices to the specified levels.
Further, I'll include the answers about the nature of the Straddle option strategy, it's goal, benefits and drawbacks from ChatGPT's and Google's search results before we moving on.
Question: "Write what is the point of creating and applying Straddle option strategy?"
Answer: "The point of creating and applying a Straddle option strategy is to take advantage of potential price volatility in an underlying asset. A Straddle involves buying both a call option and a put option with the same strike price and expiration date.
This strategy is typically used when an investor expects a significant price movement in the underlying asset but is uncertain about the direction of the movement. By purchasing both a call and a put option, the investor has the potential to profit regardless of whether the price of the underlying asset goes up or down.
If the price moves significantly in either direction, the investor can exercise the corresponding option and profit from the price difference. The potential for profit is higher if the price movement is larger.
It allows investors to benefit from large price swings without having to predict the direction of the movement.
In summary, the point of creating and applying a Straddle option strategy is to capitalize on potential price volatility in an underlying asset, regardless of the direction of the price movement. It can be a useful strategy in certain market conditions but comes with its own costs and risks."
And another one question: "Descride Straddle strategy way that is using "smart money" and professional traders when the price reach out break-points?"
Answer: "Straddle" strategy is a popular technique among various market participants, including "smart money" such as hedge funds, and professional traders. The strategy involves buying a call option and a put option on the same underlying asset, with the same strike price and expiration date. This strategy is primarily used when a trader anticipates a high level of volatility in the asset but is unsure of the direction of the price movement.
When it comes to the use of straddles around break-even points or 'break-points', the straddle trader sees an opportunity when the price of the underlying reaches these levels. Here is how they might apply the strategy:
Establish the Straddle: As the underlying asset's price nears the break-even point, the trader, expecting a substantial price move, would establish a straddle by purchasing a call and put option at the same strike price (which is often close to the current price of the asset) and with the same expiry date.
Profiting from Volatility: The main goal of the straddle strategy is to profit from expected volatility. If the underlying's price moves significantly up or down, crossing the break-even points, one of the options will increase in value faster than the other one will lose, resulting in an overall profit.
Managing the Position: Depending on how the price of the underlying asset moves, the trader might decide to sell one of the options before expiry to capture its value while letting the other continue to its expiry, hoping for a continued significant move in that direction. Alternatively, if the expected volatility does not materialize, the trader could decide to exit the position entirely to cut losses.
Adjusting for Further Price Movements: Experienced traders may also adjust the straddle strategy as the price of the underlying asset and its volatility changes. This can involve 'straddle hopping' (establishing new straddles at different strike prices as the asset price moves) or 'gamma scalping' (adjusting the position to stay delta-neutral)."
If we simplify and compress everything above , it comes out that the Straddle technique is utilized when there is no confidence in the future market movement and allows trader make profit by raising volatility (I am not going into specifics for now) that is driving the stock beyond the breakeven levels.
Ok. This information is provided by quite reputable data sources.........
But, let's briefly return to the beginning of the article and take another look at the examples how this option strategy's use in real markets by real participants. Look at the screenshots for a while, and then think of what you observe. If there appears a discrepancy between what you observe and the information gathered from Google and ChatGPT, then your feelings are correct.
In the cases above, it turns out that Someone invested millions of dollars in Straddles based only on the hope of increasing volatility and a substantial fluctuation in the price of the underlying asset? Seriously? Are there no backup plans?
Of course, no. Professional market participants cannot act without a plan. Big and Huge Straddles are generated in the great majority of situations not at random, but by superimposing break-even points with the graphical and VSA analyses results are reflecting the behavior of less informed market participants.
To go down "the rabbit hole," the purpose of a synthetic option position must be defined and revealed. Let us take a break to allow for greater absorption of the knowledge obtained.
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