falling wedge breakout -> double bottom / adam and eve breakout -> filling the gap -> ATH test -> 1.618 fib level test. Stoch RSI and RSI are both approaching oversold area. Reversal is imminent right on time for the meme show.
Dang I hope so I got a bunch of calls on this mofo for July I like the setup a lot and I'm thinking Meme season is ready for round 2. Don't tell me these stocks are dead when Doge just went parabolic AGAIN!
SebastianofMoon
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Agreed, this company has some real potential. In contrast to Nikola, they for example have a factory ready, which is already quite something.
It's still a risky buy, but Tesla also was a risky buy in 2013 :)
warrenbudget
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The fib retrace tool is not an extension so your 1.618 comment is not valid. Also you talk about RSI but fail to mention divergence. RSI instanenous value alone is not a good indicator. Divergence was burned thru which would have been a bearish indicator had you considered it. Goodluck going forward. I'm expecting lower prices but interested in getting in soon as ev space is down 70%
Mindw0rk
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@PenguinOffisial Your analysis based on?
I want to belive that Lucid AIR in its brand name is not just AIR, but most of such oracles sounds like they picking finger into an random clound one morning and ...........
P.S. nothing personal, do not trying to offend you, just interesting how have you come to that number?
PenguinOffisial
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@Mindw0rk, falling wedge breakout -> double bottom / adam and eve breakout -> filling the gap -> ATH test -> 1.618 fib level test. Stoch RSI and RSI are both approaching oversold area. Reversal is imminent right on time for the meme show.
Ravich000
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@PenguinOffisial, if anything the wedge is only breaking down so far, RSI is not oversold yet and it can go much lower before it gets there
don't get me wrong, I opened long at $20 but so far the actual evidence seems to suggest that I was wrong and this will keep dropping
According to my calculations, it should hit about $18.08 but no lower than that.
Dr4nk
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@cibum1523, Hello... from the future we have proven that you are wrong. At this time the intellectuals would like to take away your right from making such bold statements. Never again sir...
Limerencia15
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@iamjoshmay, HWOW. It went down to 17.97. But you're right. You're probably a better investor and technical analyst or analyst than me. like i said "My calculations"
Dr4nk
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@Mindw0rk, It on the chart, seems as he used fibs to find that. Nothing else.