After the reversal end of February, we are in dire need of big news from Lucid Motors.
They need to deliver on their plan of making 20-30k cars in their new facility in Arizona.
Leading up the the sell off/reversal, people were buying into the rumour.
Until it sold off right after the news hit that the merger is going to happen.
The stock needs some good catalyst from Lucid Motors and get their sales rolling ASAP.
Otherwise, we are testing the $20 support too often, and could break and find a new box in the $16-$20 range.
Doesn't seem like a good idea to hop in on hype because it already passed.
We are left with actual implementation of their idea.
They need to deliver on their plan of making 20-30k cars in their new facility in Arizona.
Leading up the the sell off/reversal, people were buying into the rumour.
Until it sold off right after the news hit that the merger is going to happen.
The stock needs some good catalyst from Lucid Motors and get their sales rolling ASAP.
Otherwise, we are testing the $20 support too often, and could break and find a new box in the $16-$20 range.
Doesn't seem like a good idea to hop in on hype because it already passed.
We are left with actual implementation of their idea.