Lucid has been majority-owned by Public Investment Fund, the sovereign wealth fund of Saudi Arabia.
PIF, which owns more than 60% of the company, has agreed to buy 265.7 million shares in a private placement for about $1.8 billion, Lucid said.
Though it burned through around $3.6 billion over the past 12 months, Lucid still has almost $5 billion of cash and...
Lucid just saw a tremendous break of the very important 5 level and I believe it may persist given the economic backdrop and higher yields. We will keep a look out for a bottom, if there is one as the company is seeing tremendous financial pressure...
I only want to hear about LCID once it breaks this trenline... this company keeps getting MILKED and anyone who invested ever after IPO is under water... what a shame. Once this trendline break then I will consider a long and yes 100% with a stop-loss.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts...
Analyzing the options chain and the chart patterns of LCID Lucid Group prior to the earnings report this week,
I would consider purchasing the 5usd strike price in the money Puts with
an expiration date of 2023-11-17,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
I personally think we are done with this bearish move on LUCID. We have some much liquidity built to the upside and we have everything cleared from below. I think its time to turn around and squeeze some shorts
Swing and banker still holding.
Possible for intraday and retailer enter the market?
Market maker will tell us soon.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any...
rading is hard and it’s not something you can expect to get good at overnight. So if you’re serious about becoming a master of making money on the markets, you’re going to need some top-level schooling.
I 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!
BULLISH 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.
BEARISH INDICATOR (Sep 07)
1. A sequence of LLs, LHs and...
Lucid 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.
NASDAQ: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 .
From 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 the indicators support the idea of a
reversal especially on the...
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.
about to average out to 8.20 it will fly up to the green line the after that to will average out to 8.20 information brought to you by yahoo fiancee on there average price. or it will crash but i don"t think that will happen this company is going to change the middle east EV industry because 60 percent of the company is owned by the saudis i mean owned by PPF Hegde fund
Took out equal highs and we've gapped down in after hours already. We're also hanging out around .786 on our fibs so I think this is an easy shot to $6.18 and below.
