The_Daily_Candle

CCIV (SPAC for Lucid Motors) Looks Poised To Break Out Violently

Long
NYSE:CCIV   None
Although it's possible that the Lucid merger could result in a common "buy the rumor, sell the news" scenario, given how beat up the stock has been in recent months, this scenario seems less likely. Furthermore, the coiling price action right next to a major resistance line in the past trading day suggests that bullish pressure is building.