EV sector, the blue line the target (around 33$), the anticipation of the company after production ( 140$).
Afternoon Everyone! It is just and update on my last two posts on NASDAQ:LCID . I have intentionally excluded Moving Averages on the chart this time as we all have an idea what and where they are. Currently NASDAQ:LCID is trading below the 50 SMA. Which is a bearish spot in short term. Having said that, I think the stock has an upward potential. It might...
Hello Community! When looking at the Daily TF, LCID is currently trading in a horizontal channel and has been for a while now. This is expected based on the merge that recently happened and now with CCIV changing to LCID, I can expect this consolidation to end very soon. There is a bearish divergence on the MACD to keep an eye on. We need to see how the price...
Well, we're back at square one. Full retracement back into the magic triangle. Hope the supports line actually holds this time.
Congratulations to all who have been trading NASDAQ:LCID on the first day! This write up is a mid-day follow up on the idea that I posted yesterday on CCIV or LCID. So far NASDAQ:LCID has successfully broken the Anchored VWAP around $25.15 price level. In the morning session it broke above AVWAP's at $27.32 and $28.80 levels but could not stay above them. It...
With the news today and most small market cap stocks being down, CCIV had a GREAT day for once haha. clear breakout from the downtrend and ticker change on Monday should cause more buying pressure again now that the "sell the news" theory is not in play anymore. My only fear is the SPY taking a poop on us sometime this week, dragging that $30 target further and...
Following up to my previous CCIV chart with a new LCID chart. clearly a breakout long-term. very happy with the results even if were to sell off today. $30-35 target short-term target within a couple weeks max.
The merger between NYSE:CCIV and LCID has been approved today and the stock will trade under LCID from Monday. A classic Bullish Hammer candle has formed taking support on the 50 day SMA and the AVWAP (Anchored VWAP) line anchored at the base since the merger was announced. Still the ticker is trading below AVWAP lines from the recent high, all time high...
Ticker change will bring some extra hype here, but this all comes down to the company being able to back up their talk regarding 2021/2022 deliveries. I'm fully expecting this to test $30-$35 leading up to the official ticker change.