LCID: A Risky and Clear Bullish Opportunity LCID broke out from a clear bullish pattern and is showing the possibility for a bullish move during the coming weeks. Despite what LCID is showing we can clearly see that it is in well-defined downtrend and it is very risky as well. A safer way to trade LCID now and take a limited risk is only with Call Options my...
LCID is making its move while Fisker got halted and will be delisted. LCID has a rich uncle, a Saudi billionaire running the national wealth fund there. Fisker lost its suitor in Nissan and tried to raise cash by selling cars under cost. I would be afraid to buy a car from a company about to head into bankruptcy. Anyway, time to buy LCID for now, it has a...
LCID trended up 40% from late June and then over 2-3 days completed a standard Fib 0.5 retracement before bouncing off a longterm anchored mean VWAP and reversing. The reversal is supported by the two time frame RSI indicator showing the lower TF RSI crossing above the higher TF RSI and both of them approaching the 50 level. The zero lag MACD shows the...
LCID got news that its rich uncle the Saudi Arabia Wealth Fund will be assisting in the manufacturing of large body parts moving forward (perhaps on the methodology of TSLA to just massive molds to efficiently do so and at a far lower cost). Shares pumped today on the news. Is it sustainable? Is there still time to buy a piece of the move? On the 120-minute...
LCID on a 30 minute chart showed a falling wedge from mid-December to late January then with breakout which took it 30% in one and a half days. This was a previous idea. I believe the news catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price began another falling wedge pattern for one week. It then broke out for a 10 %...
LCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear flag in its consolidation portion. While price could go even lower, reversion to the mean says that it will retrace. The Fib tool suggests 3.35 over an...
Lucid Motors' Q1 2024 earnings report showed promising revenue growth, surpassing analyst expectations with $172.7 million in revenue and 1,967 vehicle deliveries. However, the company faced a larger-than-expected net loss of $680 million, impacting stock prices due to concerns about profitability. Despite this, Lucid maintains a strong liquidity position with...
If you haven`t sold LCID before the previous earnings: Then analyzing the options chain and the chart patterns of LCID Lucid Group prior to the earnings report this week, I would consider purchasing the 2.50usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $0.16. If these options prove to be profitable prior to the...
Lucid Motors ( NASDAQ:LCID ) has exceeded market expectations for first-quarter deliveries, showcasing resilience in the face of challenging conditions in the electric vehicle (EV) market. The luxury EV maker reported delivering 1,967 vehicles, surpassing analysts' estimates of 1,745, despite headwinds in the industry. One key factor driving Lucid's performance...
As shown on the chart, closing lower than previous weekly close targeting the bottom of the channel around 1.8$
LCID: Time To Rise Again The price went down again in the pattern completion zone after hitting the first target and rising almost +25% Considering that the harmonic pattern proved to be very strong the previous time it is rising the chances that it can push the price up again. 🎥You may watch the video for further details📺 Thank you and Good Luck!
Lucid ( NASDAQ:LCID ), the luxury electric carmaker, has announced that it is raising $1 billion in capital from Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund (PIF). The investment by the sovereign wealth fund has sent Lucid's shares up by nearly 20%, highlighting the advantages the company has in the race for survival...
LCID in a Bullish Harmonic Pattern The price completed a bullish harmonic pattern at 2.68 We have seen LCID in a downtrend for a long time. The pattern created at this moment is indicating for further growth during the coming days. If the price doesn't move below 2.50 the chances will get higher to reach our targets. You may find more details on the...
Just working with fibs and trends, I see a potential entry around the $2.65 level. There are a number of confluences that make this a strong consideration. As always, I'm keeping this as short as I can while sharing important information. I'd like to know what you think.
#LCID it has a good reaction at the price of 2.60 $ if it managed to stay above this price the targets will be -3.67 -4.3 -4.97 The best area to look for buy is the correction to 2.85-3.00 $ area. manage your risks if you like this idea give it a boost
According to my time cycles calculation I'll be watching the 12th of March for a POTENTIAL rally for #LCID and if we merge this with our analysis in the "Related ideas👇" you can know how to mange it and when this idea will fail so trade safe ..... and FOLLOW ME