LCID trade ideas
$LCID: Short it to $0...cash burning like there's no tomorrow.I'm shorting $LCID here, nice weekly setup, downside targets are $9-10, and up to $1-2 by December 2nd or sooner. I'm long puts to ride this move, since the stock is hard to borrow.
Worth a shot, you could also consider a portfolio where you long the relatively safe EV names vs shorts in EV startups that are burning cash and unprofitable, which will likely continue to pay off (long $TSLA, $F, $RIVN maybe, vs shorts in $NKLA, $LCID, $ARVL, $FFIE, $FSR, etc)
Lcid Buy the dip @ $16 Target @ $40 Apr 6, 2023Lucid Motor Group
Technical Analysis
1. Break below the support $16
2. Anchor @ $13.29
3. Little Bullrun resistance @ $22
4. Dip1 to $18.00
Dip2 to $17.00
Dip3 to $16.00
5. Ideal Buy @ $18/ $17/$16 Cost Average
6. Target @ $40/ $30 and above Apr 6, 2023
Fundamental Description:
Lucid is the future of sustainable mobility, designing luxury electric cars that further reimagines the driving experience.
Luxury Electric Car
Company Website: www.lucidmotors.com
Lucid LCID Under The Control Of SellersLucid Group (NASDAQ: LCID) stock dropped 6.73% on Tuesday. Lucid has posted last week a nearly 40% miss in revenues alongside a 50% production cut as the company navigated a challenging second quarter.
LCID stock was significantly led by the sellers during Tuesday's session, violating the upward sloping trend line. Now, $16.80 is the key support we should stay above to ensure that yesterday’s bearish setup is over and puts LCID back on a neutral outlook to test $17.90 - $18.40 resistance levels. Otherwise, a confirmed break below $16.80 will then turn LCID decidedly more bearish to test $16.20 - $15.60 support levels. It is worth mentioning that sellers had smashed the major price-based volumes area represented in $18.00 zone and a lower open today below yesterday’s close would confirm further the mentioned area’s violation.
2X $LCiD 1D Tech. Analysis!LUCID has broken the short-term trendline! From here we are looking for sells/pits only with confirmation.
LCID: Possible pull-back around 15.4LCID stock has been in downtrend this year. A possible pull-back is expected if price reaches around 15.4
LCID Daily Bearflag(Daily)
Beautiful bearflag.
Being in the daily Time frame, i will probably wait until wednesday to see what happens, but a rejection off this bottom trendline, could play long (with time, maybe Octover calls) and try to ride it to the top of the channel,
Downside comes if the flag breaks down, targeting 13.40
BUy Lcid @ $18 Target @ $30 APr 6, 2023Lucid Motor Group
Technical Analysis
1. Break below the support $16
2. Anchor @ $13.29
3. Little Bullrun resistance @ $22
4. Dip to $18.00
5. Ideal Buy @ $18/ $17/$16 Cost Average
6. Target @ $30 and above Apr 6, 2023
Fundamental Description:
Lucid is the future of sustainable mobility, designing luxury electric cars that further reimagines the driving experience.
Luxury Electric Car
Company Website: www.lucidmotors.com
lucid playing nicely rising wedgesits coming to down line of wedges, can hit $17-$18, lets see
if hit $17-$18 range then we can get entry, that time stop loss should be little down of low line
Price Moving Into Resistance But Still Looking Bullish!Hello Traders & Spectators,
LCID has fallen a lot in the past few weeks like everything else but has found a temporary bottom and is now looking to move higher. It is now at a major resistance that it hasn't been able to pass previously but since this resistance has been tapped so many times, that means it is getting weaker. A relief pump seems to be unfolding and ii can see prices pump to the dashed lines above. What do you think?
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
LCID$LCID is experiencing a down-trend with a possible reversal point close to quartly reports. Then we should expect an upward movement. Do your TA to catch bottoms and remember this is not financial advice. ( Fractals can be a bit off with numbers but good with direction )
update after it reached the SL ,gl hopefully a double ;Pthe stock need time ..
so be patient and watch for the 3 boxes it should guide you .
LCIDThis is going down. I believe we are in a bear market. This is going down unless the line breaks out. Thank you
#SuakuFlowsWatchlist - 6/23/22#SuakuFlowsWatchlist
$LCID C > 18.58 | P < 17.48
$RIVN C > 29.98 | P < 28.23
Automobile watchlist tonight 👀
Scale out when comfortable.
Note: $TSLA's Cybertruck is est to be in production mid 2023, competing with the electric trucks from $F and $RIVN.
lcidToday, various beaten-down electric vehicle (EV) stocks are getting a lot of love from the market. In a sea of green, various electric vehicle manufacturers are seeing some of the highest volume, as investors look to take a risk-on view amid this market selloff.
Lucid goods USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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LUCID BullishLCID AB=CD bullish pattern, PT1 achieved and back in buy zone, watch for it to stay between $18-18.5 to remain bullish.
LCID group end of the correction?we might have finished a flat correction
keep an eye on this
I can not talk with confident unless we break the wave 4 of the previous degree
strategy for LCID friday 05/27/2022LCID: closing bullish today alert price (19.44) bullish entry only when above (20.30)
LCID: bearish entry only when below (18.52) with a possible target to the low (17.20)
Lucid breakout?I'm liking the look of this inverse Head & Shoulders forming, as well as approaching the down trend resistance we've been in since November. RSI broke this downtrend a while ago and recently re-tested, so I'd expect to see similar happen on the chart.
We're also in a descneding broadening wedge, recently bouncing off the bottom and looking to head towards resistance.
Waiting for confirmation will be the best trade, breaking $20 then getting a successful re-test of the neckline and trendline. My take profit target will be $25 to secure profits of about 25%, although it may overshoot to previous resistance of up to nearly $30.
