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Lucid Group, Inc.Lucid Group, Inc.Lucid Group, Inc.

Lucid Group, Inc.

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LCID trade ideas

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)
NASDAQ:LCID
by haroonraees
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 )
NASDAQ:LCIDLong
by AwesomeAvani
1
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.
NASDAQ:LCIDShort
by JenRz
4
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.
NASDAQ:LCIDLong
by LordWrymouth
4
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. We cover insights than aren't written in manuals and  trade guides! Stay with us!
NASDAQ:LCIDEducation
by ClashChartsTeam
$LCID: Short it once again...NASDAQ:LCID offers a very good reward to risk short position. Here's the breakdown: after thorough analysis, I've identified a target of $2.27, aligning with a timeline that stretches to December 15th, 2023 as per Time@Mode. Be aware of the pivotal level at $7.51, which essentially functions as the litmus test for the very viability of this entire maneuver. Should the price surge past that threshold, it's a signal to initiate a reevaluation of the strategy, or simply put: GTFO the trade. Now, let's delve into the logistics: shares are currently in short supply, so entering short positions is an exercise in futility. However, we can utilize OTM put options. A sufficiently far strike price with an expiration date of January 19th, 2024, might very well hold the key to capitalizing on this anticipated market move. The crux of the matter lies in strategically employing these options to ride the wave before it reaches its zenith and we get a gamma explosion as the OTM options go ATM. Best of luck! Cheers, Ivan Labrie.
NASDAQ:LCIDShort
by IvanLabrie
LCID, PUMP-ability is high!LCID rising volume net buys this past 48 hours is quite notable depicting an oversold exhaustion based on daily data. The stock is back at 1.0 FIB LEVEL -- the most discounted price you could get. Best to seed at this range -- as shorters seems to start exiting. 6.0 range has been a solid support level which has been tested a couple of times -- and always rejected to the upside. Volume has increased 10%+ from its average numbers conveying position buys at the current pricing. Histogram higher lows has been created cementing the present range as the new base for the incoming series of ascend. Spotted at 6.5 TAYOR Safeguard capital always.
NASDAQ:LCIDLong
by JSAL
11