Thesis : CCIV, LUCID Deal Play
-Stock ran To 60 for the Lucid Rumors. Public thought it was going to be announced , then to the moon.
-2/22/2021 Stock Dumped due to profit taking, stop loss raid, public had it wrong basically. Traders started swinging and taking profits, and Public saw huge losses.
-Feb 25-Marc 1 had to make a decision and Dropped to Oversold on the 2 hr chart. This is where we can see a key level of support around 25 area.
-Stock Reconsolidated for a little over a week and started to trend up. This had some to do with the Apple Rumors.
-Stock is testing at a key level of 31, if we break 29 , we can test 25-26.
- Based of traders getting confident of the 25-30 level, if this holds the 31.00 and keeps closing above we can see the continue trend.
- On March 24 I predict it will start trending to 42 level target by March 29.
Some Key Notes for the year and Future Plans:
Lucid Expansion Plans: Rawlinson, who previously led the engineering team that worked on Tesla Inc.’s (NASDAQ:TSLA) Model 3 sedan, also said in the interview that the order book of Lucid Motors is “filling up nicely” and affirmed the company’s plans to start production in the second half of this year.
Lucid Motors plans to go public via a SPAC merger with blank-check company Churchill Capital Corp. IV (NYSE:CCIV). The Newark, California-based company is on track to deliver its first car, the all-electric Lucid Air luxury sedan, in the second half of this year, while the Gravity SUV is scheduled to be released in 2023.
-Stock ran To 60 for the Lucid Rumors. Public thought it was going to be announced , then to the moon.
-2/22/2021 Stock Dumped due to profit taking, stop loss raid, public had it wrong basically. Traders started swinging and taking profits, and Public saw huge losses.
-Feb 25-Marc 1 had to make a decision and Dropped to Oversold on the 2 hr chart. This is where we can see a key level of support around 25 area.
-Stock Reconsolidated for a little over a week and started to trend up. This had some to do with the Apple Rumors.
-Stock is testing at a key level of 31, if we break 29 , we can test 25-26.
- Based of traders getting confident of the 25-30 level, if this holds the 31.00 and keeps closing above we can see the continue trend.
- On March 24 I predict it will start trending to 42 level target by March 29.
Some Key Notes for the year and Future Plans:
Lucid Expansion Plans: Rawlinson, who previously led the engineering team that worked on Tesla Inc.’s (NASDAQ:TSLA) Model 3 sedan, also said in the interview that the order book of Lucid Motors is “filling up nicely” and affirmed the company’s plans to start production in the second half of this year.
Lucid Motors plans to go public via a SPAC merger with blank-check company Churchill Capital Corp. IV (NYSE:CCIV). The Newark, California-based company is on track to deliver its first car, the all-electric Lucid Air luxury sedan, in the second half of this year, while the Gravity SUV is scheduled to be released in 2023.
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