RECAP:
- We can see that Lucid Motors has broken the Resistance line and reversed from the 558/S range.
- Stock after correction bounced at the 442/S range and rose back to 555/S range last week.
- There was an RSI Divergence followed by a large price correction.
- REMEMBER always look out for RSI Divergencies.
- If you follow me I will always lay out the RSI Divergencies when I see them and publish it right away.
NOTES:
- IMPORTANT: Keep an eye on the $50 level range, as it is very important:
-- IF the stock bounces off the $50 level range, it will up-trend towards $58-660/S range.
-- IF the stock BREAKS the $50 level range it will down-trend towards the next bounce at the 442/S
FUNDEMENTALS:
- We typically do not do any FA here, but very important to note that right now stock futures are -200pnts as I write this.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.