This is based purely on fib extensions and support level analysis.
After the reversal end of February, we are in dire need of big news from Lucid Motors. They need to deliver on their plan of making 20-30k cars in their new facility in Arizona. Leading up the the sell off/reversal, people were buying into the rumour. Until it sold off right after the news hit that the merger is going to happen. The stock needs some good catalyst...
Long haul play, worth it IMO. Inzayne upside potential with the elliot patterns. It's squEEZin. Redrew impulses, updated PTs.
approaching a inverted head and shoulders should see a nice bounce
Last post I said it was lucid dreaming, following that post we saw around 50% drop. I think CCIV is almost done day dreaming and will see a rebound soon. Sitting right on the 200ma on the daily, I have the 8ma pulled up and expect a ride up/continuation here. Thank you for checking out the post! Good luck trade safe
Finally a green volume on daily chart and we are back at 50 MA with positive moving average and RSI. 1.9T USD stimulus passed the house yersterday and will be approved by Biden soon. much volume incoming the stock market. And announcement 17. Mar from Lucid, can bring us up over $30.
We have a classic descending wedge forming on CCIV. This has been quite the pump and dump, a true buy the rumor and sell the news type chart pattern. I think if we get a break to the upside we can expect a price rebound to $30- 40. This is not trading advice!
NYSE:CCIV Looks bearish on lower timeframes. The daily trend hangs in the balance of how this week works out. Either price bounces from strong support in the 20s, or accumulation will take this lower. If wave 2 of another move higher is in, then we should see this play out higher in the next few weeks.
As you can be by the following my previous idea was based was QuantumScape. The new opportunity arised when i saw that the 2 charts, are mostly identical in terms of price action and technical analysis. 1. CCIV have had 5 major waves down, finishing off at the 2.618 trend-based fib-Extension. QS has the exact same level of 2.618 where it bounced of the last...
I've had the downward ray drawn in the same spot since before big breakout. It signaled it, in fact. Seems like we're going to continue sliding down that slope for some time. Ticker conversion may prove to be a catalyst, but nothing else indicating a rally right now. The $60 Jan 2022 contracts are very attractive at current prices, IMO. $CCIV
Please see notes, Seems like 1st wave was finished and the heavy dump is a 0.618 0.786 fib retracement which is typical for wave 2 corrective. If we assume we are in the 2nd wave then it's time to head towards the 3 wave which is 1.618 of wave 1 fib extension. Can we see $CCIV reaches $115 ??? LMK BELOW
As I told before, I'm bullish on CCIV. I added ABCD pattern in the chart to show how it will evolve. After all the noise is gone, it will hit back to the trending channel in the middle and up.
Looks like we have support here and just turned back from 26 range as I told before on one of my other analysis. RSI was too oversold and now pushing back above oversold level. MACD just crossed. NASDAQ just made double bottom, and 10 year bond could not reach above 1.51, good signs for bullish. Based on Fibo level and RSI Price target 1: 34 Price target 2:...
I was one of the few who did an analysis where I told that CCIV would drop a lot. but this is absolutely an oversold level. People may be totally crazy, this stock will be pushing back! Support at 26, 20, and 16. Push back more likely from 25-26 range, good support here.
Double bottom at 30 ish now and RSI too much oversold(PEOPLE ARE CRAZY). CCIV keeps inside both trendlines, this is absolutely the best time to buying in NOW. The fundamentals and projected revenue will price in soon. And I don't think the price will be below 40 in coming weeks. Support - confirmed Fibo level - confirmed RSI oversold - confirmed Trendline -...
Proposition: EV Stocks have exploded in value from all types and all countries in all sectors Tesla has been among them as the most explosive stock over the last year Price has inflated far more than the company has grown It is without a doubt that Tesla is a highly prosperous company and will continue being the leader in innovation and services so the long...
I think the first day will be totally panic selling, due to the "bad" merger deal just released. Try to buy in at the buy zone. hope for better wednesday.