Just the beginning for LCIDLong LCID over $40. Real deliveries with category leading range. Increasing volume and press coverage. Ready to rip.
LCID trade ideas
LCID GAP FILL LCID looking to fill the Gap Once the gap gets tapped it shall fall through the whole gap entry around $44.30 and exit around $55.00
Lucid Starting a Run?Luicid Update: Took a LONG position at 36.33
a few days ago.
The near term Targets are there.
Looks like a lot of interest has come in, bullish
on the chart and industry. A lot of good press
on the company recently. This one may be a runner.
Maybe something for long term.
LCID IDEALcid chart : 0 as always happy trading / Keeping this a bit short as I am going to be very busy
LCID NEED TO CLOSE ABOVE $42 NASDAQ:LCID
LCID NEED TO CLOSE ABOVE $42, If not we may see it down trend to $26.
LCID GAP FILLlets watch for the LCID gap fill here, needs to keep volume up, positive news and with the EV industry staying hot this will continue.
Where to book the profitsI bought this baby back at $34 early this week per our previous post and i would be booking my profits above $52 on this (Next week most likely). Will plan to reenter later.
LCID - Will it be the next big one?LCID broke up strongly from a base formation on 28 Oct, breaking not 1 but 2 resistences @ 28.50 and 33 respectively. A retest of the near term resistence-turned-support at 33 on 1st Nov would have been a great opportunity to stake. Going forward 33.0 should be a rather strong support and I think a retest of 28.50 is probably unlikely.
This kind of chart has a potential to be a multi-bagger (however, please don't mistake potential for guarantees!). I would also prefer to see higher than average volumes that can sustain for the the next couple of months at least.
At current levels I would stake only half positions and be prepared to dollar cost average if it does retest around 33. In the "unfortunate" event that the stock crashes back to 28.50, then we need to analyse if it would continue to be an opportunity to dollar cost average.
Watch out for earnings expected to be out on 15th November.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
LUCID seems to follow elliot wave patternIt seems to had formed a flag & pennant pattern, which it broke upwards. I think this is an elliot wave and it's next target could be $50
LCID ABC Pattern LONGAfter the successful and BULLS EYE Head and Shoulders, Lets watch out for this one to play out today. Very nice risk to reward and weekly options will print out well.
All set to flyPer the post last week, looks like Wave 4 is in and we are ready for Wav 5.
Target $45.
LCID-GREAT TIMING TO GO LONGStill looks sexy BUY ON DIPS is great idea!
LCID stock is trading about 40% off its highs. Shares are sharply extended past a cup with handle's 28.49 buy point following last week's breakout move. The 5% buy area went up to 29.91.
Lucid(LCID) Breakout LONG from 36.33Breakout LONG on Lucid at 36.33.
8 month long consolidation at low levels and breakout. Targets on the chart.
This might be one to pay attention to.
Trade management, maybe buy 3 calls, take one off at first Target, then another
one off at second Target.
Then raise your stop on the last one to above break even, and let it run.
Try not to let winners turn into losers.
That's a prudent trade management strategy that usually works in the long term
if consistantly followed.
Goodluck!
$LCID very strong. Price target $74.55Very positive revues after first shimpents of NASDAQ:LCID . Market cap of LCID is higher than Honda now.
HEAD AND SHOULDERS LCIDLcid is showing a short time reversal pattern here. Confirmation when it reverses on the shoulders
Price may recover to cover the gapBased on TA and FA, after the breakout from $30 resistance, we may see Lucid recover back to previous gap down price level.
Lucid - Watch for next weekI was able to scalp it between 34-41 today but if you missed it, it might be trading again at 33.50 next week before the last Wave 5 up to $42.5.
This is the power of Wall Street Bets..!Lucid told investors in July that it expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to an investor presentation.
Now its market cap has passed Ferrari and became the 12th biggest automaker in the world!
This is happened because of WSB, not fundamentals!
Taking a position against this seems very risky,
the Best Strategy for those who have it could be cashing out the main capital and keep the free stocks and see what is going to happen!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
LCID Stage 2 BreakoutNice volume breaking out of Stage 1 into Stage 2. 4th week in over the 30 wk ma. Entered a call position yesterday. Seeing if it can get to the target zone. NASDAQ:LCID
The signal was clear! Gave a buy signal for LCID 2 weeks ago.
BlueWave gave a green dot buy signal on the under the wave.
Stochastic RSI confirmed it as it was over-sold.
The wave never lies
RocketA company of the future, a good product. Technically, if it fixes on the resistance level, it can grow up by 15-20% more. It is better to lead the trade with a trailing stop. The target for the best exit is 35.
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LUCID(LCID)What a beautiful CUP and HANDLE PATTERN for LCID...Consolidated for a long period of time and finally break out the zone!!!
