$LCID has a nice setup intraday here, which makes me think it will rally towards 7.25 on Tuesday-Wednesday next, provided it remains strong and marches higher than last week overall.
Similar situation for most EV names here, seen also in $F, $TSLA, $RIVN, $LI, $XPEV and $NIO. It could be a good long term entry as well, if you want exposure to the sector (probably only really viable with $RIVN and $TSLA or just $TSLA though, but all are very tradeable here). I wouldn't have more than 10-20% in long term positions now, given overall risks, and not risk that unless you're up by that much or more for the year. Else stick to trading for the time being.
Similar situation for most EV names here, seen also in $F, $TSLA, $RIVN, $LI, $XPEV and $NIO. It could be a good long term entry as well, if you want exposure to the sector (probably only really viable with $RIVN and $TSLA or just $TSLA though, but all are very tradeable here). I wouldn't have more than 10-20% in long term positions now, given overall risks, and not risk that unless you're up by that much or more for the year. Else stick to trading for the time being.
Trade closed: stop reached:
Failed to held up after triggering, intraday stop area was hit, now it turned into a daily tf down trend again:
