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−1.42USD
−1.304BUSD
608.181MUSD
2.283B
About Lucid Group, Inc.
Sector
Industry
CEO
Peter Rawlinson
Website
Headquarters
Newark
Employees
7.2K
Founded
2007
ISIN
US5494981039
Lucid Group, Inc. manufactures electric vehicles. It designs, develops, and builds energy storage systems for electric vehicles and supplies automakers with the battery pack system needed to power hybrid, plug-in, and electric vehicles. The company was founded in December 2007 and is headquartered in Newark, CA.
LUCID Possible Long PositionI think we can go up from here, momentum seems to be shifting and we may have a local double bottom. I think targeting the higher volume node and 200ma might not be a bad idea, use your own risk assessment to match your own objectives. Not financial advice!
LCID | Bearish continuation - little hope for bullish reversalBULLISH INDICATOR (Sep 07)
1. No sign of bullish reversal in near future.
2. A strong support channel present between 5.49 and 6.09.
3. If bullish divergence would be seen and price breaks out of the Falling Wedge pattern, in upward direction then there might be hope for bullish move/recovery.
LCID time to buy Now at $ 5.98 with Protective Put, Covered CallBuy 100 Share at $ 5.98 and Sell Covered Call for $ 8 for 19 Jan 2024 for $ 0.43 Cent
Buy 1 Put for 19 Jan for $ 5 for $ 0.43 cent
Our pivot point is at 5.68.
Our preference
Short term rebound towards 7.61
Lucid - Short TermLucid company is still trading under selling pressure in a downward trend, but we expect a temporary rebound to the level of 40.6, then a temporary correction, followed by a rebound towards 6.60-6.70.
LCIDNASDAQ:LCID
As for LCID, it is clear that it is close to completing the correction of wave two.
Currently, the best entry areas for the stock are from 5.8 to 5.6.
Our stop loss @ 5.45
any break bellow that level the scenario will turn from bullish to bearish .
LCID is nothing but - Sand slipping through fingersThey lose -$500K for every car they sell.
Their sales are down ~30% since Q4 of 2022.
Their production is down ~40% since Q4 of 2022.
They have 4,900 cars in inventory, which is more than 3x their average quarterly deliveries, or 310 days on hand.
In 2021, they had a target of $5.5B in 2023. So
LCID setting up falling wedge breakout LONGFrom the 1H chart, I have drawn descending and falling trendlines with the resistance
falling faster, That is to say I see a falling wedge pattern which might be typically
at the bottom of a trend forecasting an upside breakout. LICD made a small move
up in the past 3-4 hours of trading. Overall
lucid bullish?besides my contracts are expiring this week for lucid but i do see a bullish trend occurring but only take plays 3 weeks out for lucid 7 to 7.50 pulling out when lucid see 8.30 which is averge according to yahoo finances.
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