SPAC's have the same trading cycles. Right now we're in the cycle after the Acquisition news sell off. This is the area where price is finding support and eventually a selling climax area. IMO CCIv has not found its preliminary support before hitting a selling climax at the 21-23 range. ( Research Wyckoff Method )
As I told before, I'm bullish on CCIV. I added ABCD pattern in the chart to show how it will evolve. After all the noise is gone, it will hit back to the trending channel in the middle and up.
Looks like we have support here and just turned back from 26 range as I told before on one of my other analysis. RSI was too oversold and now pushing back above oversold level. MACD just crossed. NASDAQ just made double bottom, and 10 year bond could not reach above 1.51, good signs for bullish. Based on Fibo level and RSI Price target 1: 34 Price target 2:...
I was one of the few who did an analysis where I told that CCIV would drop a lot. but this is absolutely an oversold level. People may be totally crazy, this stock will be pushing back! Support at 26, 20, and 16. Push back more likely from 25-26 range, good support here.
Double bottom at 30 ish now and RSI too much oversold(PEOPLE ARE CRAZY). CCIV keeps inside both trendlines, this is absolutely the best time to buying in NOW. The fundamentals and projected revenue will price in soon. And I don't think the price will be below 40 in coming weeks. Support - confirmed Fibo level - confirmed RSI oversold - confirmed Trendline -...
I recently told some friends to take profit and "sell the news" They didn't take my advice... Was riding on the upper end of the top channel and filled out an ascending triangle that signaled a reversal. I would wait a bit before re-entry on a nice discount here. Get ready for calls soon. Cheers! Please like/share, thank you!
Proposition: EV Stocks have exploded in value from all types and all countries in all sectors Tesla has been among them as the most explosive stock over the last year Price has inflated far more than the company has grown It is without a doubt that Tesla is a highly prosperous company and will continue being the leader in innovation and services so the long...
Last week I charted what could have been a sell the news trend reversal as most SPACS sell off upon news of acquisition. CCIV sold over pretty hard in after hours on the first day of news released of official merger w/ Lucid. Pretty sure we're going to see this bounce around the 20's then accumulate like most space prior to merger date...
I think the first day will be totally panic selling, due to the "bad" merger deal just released. Try to buy in at the buy zone. hope for better wednesday.
NEWS CCIV to possibly announce DA on Tuesday with Lucid Motors Merger. these dips and pullbacks are bought up quickly. so buy you dips! SUPPORT & RESISTANCE Support: $50 Resistance: $63
MA 50 and fibo level at $45. We will test this target. RSI down to 40 MACD in downtrend disclaimer: I have CCIV in my portfolio and I'm not a shorter, just following the trend.
CCIV - Churchill Capital- What is a fair pre-merger price? As investors pile into CCIV, we have to consider that there has not been an official Lucid Motors merger announcement. We also have to consider that other Tesla competitors that are already listed are at this same pre-merger price. NIO is at $54. Xpeng XPEV is at $41. GM is at $52. Meanwhile, CCIV, a...
CCIV is about to get merged with Lucid in the upcoming future. This is a TA of CCIV as I see it, It did breakout from the 36 resistence but as you can see there is not enough volumes to support it. Long trades are welcome, go with the trend. I already took my tendies, will be looking to get in to another trade on Tuesday around 34-36 support lines if possible.
I was right about a possible drop of CCIV. I would buy this stock in the range of $23-$26, not more. I don't want to FOMO. It's ok if the merge happens. You can always make money with stocks. It's never late! Don't FOMO!! What's your opinion? Your comments are welcome. ############## Take into account that fundamentals (news) supplement technical analysis ....
Id like to see support continue above $28.00 on top of the current support zone, and above the orange trend. The RSI is still cooling down a little and i wouldnt be suprised if we retrace further to the likes of 25.30 if we dont hold 28. Id expect trading to continue above the current trend line (Red), but if we fall below, id be watching for 22.69 for...
This is a possible scenario for $CCIV (if no merge until saturday). Take into account that fundamentals (news) supplement technical analysis. A trader does not use a crystal ball to predict the future (news and people's reactions). Your comments are welcome. ############## Legal disclaimer: I am not a financial advisor. The advice here given is not a financial...
XPEV is headed for higher heights...I'm jumping back in long at $45.00
CCIV has already had one potential merger fall through so I urge caution on this, but the upside could be enormous merger with a EV maker especially one that has a former Tesla Exec. could generate a lot of hype around this SPAC. I went in with some shares in a simulated account and I will be waiting for More confirmation of a merger and a dip to enter. Let me...