LCID | Long | High-Volume Base Formation| (April 9, 2025)

Apr 9

LCID | Long | High-Volume Base Formation + Oversold Recovery | (April 9, 2025)

1️⃣ Insight Summary:
Lucid has been in a long-term downtrend since 2021, but recent price action shows early signs of accumulation with heavy volume and buy signals forming at a historical base. This could be the beginning of a multi-leg recovery if buyers step in.

2️⃣ Trade Parameters:
Bias: Long
Entry Zone: $2.16 – $2.43 (current range with compound positioning)
Stop Loss: Below $2.00 (clear invalidation and structure breakdown)
TP1: $2.92
TP2: $5.23
Final TP: $13.06 (long-term stretch target based on full reversal range)
Partial Exits: Around $2.90 and $5.20 to secure early gains and reduce risk

3️⃣ Key Notes:
✅ LCID has been consolidating sideways with significant buy-side volume appearing since Q4 2024
✅ Multiple buy signals recently printed on the daily chart
✅ While it’s unrealistic to expect a return to $55–60, even a move toward $13 offers a 6x return from this range
✅ Lucid continues to operate as an EV tech and components manufacturer — a sector with long-term potential
❌ Invalidation clearly lies under $2.00 — if price breaks this zone, the setup loses its foundation
📊 RSI and volume support the case for a potential macro reversal forming here

4️⃣ Follow-up Note:
Actively monitoring and risk-managing this trade. Will update the idea if price breaks above key resistance or if downside pressure resumes.

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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.

Apr 25

Note

LCID did move that much nothing changed