Lucid Motors, currently trading as CCIV (Churchill Capital IV), is a Luxury EV production company with a very bright & bullish future.
• Lucid's EV battery has been road tested and proven to outlast competitor batteries, reaching almost 2x distance of a competing EV
- Porsche Taycan: 201 EPA-estimated miles
- Jaguar I-Pace: 234 EPA-estimated miles
- Chevy Bolt: 238 EPA-estimated miles
- Tesla Model S: EPA-estimated 402 miles
- Lucid Air: initial estimate of 517 miles
• APPLE teaming up with Lucid is a strong possibilty with Sir Jony Ive on Lucid's team. Ive is a former Chief Design Officer for Apple. Ive played a vital role in the designs of the iMac, Power Mac G4 Cube, iPod, iPhone, iPad, MacBook, and parts of the user interface of Apple's mobile operating system iOS, among other products
• Lucid's state of the art battery has the fastest mile-per-minute charging capability, capable of a full battery charge within 30 minutes.
How to trade:
Many bought on speculation prior to the announcement of the merger with Lucid Motors, and are holding losing bags between current prince and 65. The Daily charts are showing consolidation in the form of a possible inverse head and shoulders, which makes the current price of $22 very attractive.
Investors in CCIV (Lucid Motors) need patience in this market, but time will show the true value and demand of Lucid's superior EV.
• Lucid's EV battery has been road tested and proven to outlast competitor batteries, reaching almost 2x distance of a competing EV
- Porsche Taycan: 201 EPA-estimated miles
- Jaguar I-Pace: 234 EPA-estimated miles
- Chevy Bolt: 238 EPA-estimated miles
- Tesla Model S: EPA-estimated 402 miles
- Lucid Air: initial estimate of 517 miles
• APPLE teaming up with Lucid is a strong possibilty with Sir Jony Ive on Lucid's team. Ive is a former Chief Design Officer for Apple. Ive played a vital role in the designs of the iMac, Power Mac G4 Cube, iPod, iPhone, iPad, MacBook, and parts of the user interface of Apple's mobile operating system iOS, among other products
• Lucid's state of the art battery has the fastest mile-per-minute charging capability, capable of a full battery charge within 30 minutes.
How to trade:
Many bought on speculation prior to the announcement of the merger with Lucid Motors, and are holding losing bags between current prince and 65. The Daily charts are showing consolidation in the form of a possible inverse head and shoulders, which makes the current price of $22 very attractive.
Investors in CCIV (Lucid Motors) need patience in this market, but time will show the true value and demand of Lucid's superior EV.
Trade active:
Today is Friday, March 19th and the current price of CCIV is $26.88. The right shoulder is currently being printed on an inverse head and shoulders. Next week could be very bullish, if we close green today. Would like to see strong BUY interest to finish the day.
Trade closed manually:
Updating this post as someone asked what came of this price prediction. The head & shoulders played out as expected, but price was rejected at the neckline ($33). Our position was closed manually on March 17th at $29.00
Comment:
After 3 months of price action, we now see the accumulation along with the measured target.
