Name: LCID Entry Coming Up @ $2.65 - LONG
Uploaded: 2024-01-18T09:35:12.313724
Channel: novamatic
Description: Just working with fibs and trends, I see a potential entry around the $2.65 level. There are a number of confluences that make this a strong consideration. As always, I'm keeping this as short as I can while sharing important information. I'd like to know what you think.

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Just working with fibs and trends, I see a potential entry around the $2.65 level. There are a number of confluences that make this a strong consideration. As always, I'm keeping this as short as I can while sharing important information. I'd like to know what you think.

Comment:

I'm in and tracking the chart.

Comment:

OK, folks. I have sell order in for $3.88. See these channels and levels. Let me know what you think.

Comment:

LCID has completed a retrace to the 61.8 $3.12 level. If this retrace holds up, the target is $4.13, which is also very close to the descending trendline (red).

Comment:

LCID not looking good. We are at a critical point. there is a descending trendline and low, both at the same point. I would expect a bounce here. However, if this level breaks, it's a long way down.

Comment:

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