I traded this months ago when it was CCIV and broke out to the 60.00.
I've been watching it since then.
Pretty Much your sweet spots were it dipped to the 16-18 level
However part of poor trading best practices, I never put alerts in and made a plan for it.
So I put it back on watch and decided to make this my first Long position. I usually swing trade/Day Trade. I've never held a stock for years before so this will be my first crack at it.
My plan is on a 4-hour chart break out.
As of now because my entry is pretty solid, I'm making a plan to take profits or maybe size in after I do more fundamental homework on the company. As of now, it is purely a technical break-out for EV makers that missed the boat on Tesla and are confusing it with Tesla. To me, Tesla is a platform and a battery company that has a revenue stream from EV as well. Lucid is solely a luxury EV maker that is pure speculation play right now.
I've been watching it since then.
Pretty Much your sweet spots were it dipped to the 16-18 level
However part of poor trading best practices, I never put alerts in and made a plan for it.
So I put it back on watch and decided to make this my first Long position. I usually swing trade/Day Trade. I've never held a stock for years before so this will be my first crack at it.
My plan is on a 4-hour chart break out.
As of now because my entry is pretty solid, I'm making a plan to take profits or maybe size in after I do more fundamental homework on the company. As of now, it is purely a technical break-out for EV makers that missed the boat on Tesla and are confusing it with Tesla. To me, Tesla is a platform and a battery company that has a revenue stream from EV as well. Lucid is solely a luxury EV maker that is pure speculation play right now.
