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collintwols
Aug 5, 2021 7:59 PM

$LCID formed minor Three Buddha Top (bearish) Short

Lucid Group, Inc.NASDAQ

Description

LCID formed a Three Buddha Top (aka Head and Shoulders) which means if it doesn't find support at $22, then it will fall to test support at the bigger $21 support line. Hopefully that would provide a good bounce, but I'll be watching carefully in case it starts heading down to $18. Might be a good time to look at some Puts and targets in mind! Usually you want this to be at the peak, but this could still signal a small bearish run.
Comments
kevinkostyk
Broken pattern with support coming in this morning? Or wait until EOD?
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