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Lucid Group, Inc.

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LCID trade ideas

LCID Swing Trade Idea - LongThe EV sector, as always has been hot and people are looking to make Tesla kind-of-gains, and so people are looking at alternatives / competitors. 39 -> 55 is my long, and depending on how it holds at that price level, may look to go short via put to ride a possible strong rejection at that price level. Technicals: -Swing low to high (fib) -Confluence at high (volume profile and resistance) -Fractals bullish -About to cross 200 ema (1 hr view) This is my first published trade idea. Please let me know what you think!
NASDAQ:LCID
by ownas
LCID and it's Future PotentialIn this chart I analyzed the key levels of LCID, along with a brief overview of it's channels, to come to my conclusion. In the chart, I measured 6 key levels (highlighted as purple boxes) in which the stock bounced respectively between those levels. the most bottom one is the one with the strongest support, with the stock never breaking below that (not saying it could never do that, just saying highly unlikely). Anyways looking at LCID's recent downtrend, my little channel lines showed that it broke through the downwards trend twice in an upwards momentum. This is signifying its start for pattern reversal as the highs become higher than the lows. Looking at its future growth I measure some more possible key levels that could become a resistance level for it. Overall, in the event that it bypasses them all and goes to the highest one, there would be a profit of about 23.60%, and a risk to reward ratio of 1.93. That's if you're just planning on holding it, though; there seems like there are many opportunities to perform day trades or options on it as it seems to have high volatility, so if played correctly you could experience three times the profit or more. Overall if the pattern breaks off and doesn't go all the way to the end, it'll be easy to spot as it'll probably bounce off from one of those key levels.
NASDAQ:LCIDLong
by pauloscorp
LCID Lucid Group like AMC Entertainment in May Welcome to my extensive and detailed technical analysis of Lucid Group ( LCID ). Lucid Group caught my eye because of its similarity to AMC Entertainment in May 2021. A comparison I show at the end of this analysis. This analysis is very extensive and detailed and I show several bullish formations in the most diverse time windows. The following time windows are discussed: Weekly Chart Four hours chart Hourly Chart To each analysis there will be a linked idea, so there is the possibility to judge individual analyses retrospectively using the play button function at TradingView (timestamp). Let's start. 1. weekly chart In the weekly chart, we can see and project different bullish patterns. As seen in this analysis, a W formation has formed (white lines), which is currently in a so-called retest. This retest can trigger a correction phase that can continue to the Fibonacci lines 0.236, 0.382, 0.618 and maximum to 0.786. Typically, corrections are made to 0.236, 0.382. The formation becomes invalid only when the price falls below the lowest point of the W formation. The target of this formation can be divided into three targets. Target 1 measured from the middle high to the "neckline". Target 2 measured from the Left Low to the "Neckline". Target 3 measured from the right low to the "neckline". Thus, the following price targets result from this formation: (purple lines) Target 1 53.54 USD Target 2 66.13 USD Target 3 76.05 USD What is exciting here is that the chart at 64.82 USD, similar to AMC Entertainment back then can form a Superior W Formation, with targets of: (Blue lines) 100.08 USD 112.49 USD 113.58 USD If one takes the trend-based Fibonacci Extensions to the help, one can determine additional Max targets that could be reached with strong sustained volume, and according to Elliot waves could define the target of wave 3. The targets are here, at the following price values: (Yellow lines) 159.66 USD 214.49 USD 248.38 USD 2. four hours chart In the four-hour chart, we can see an Inverted Shoulder Head Shoulder Formation, which has already reached its target of 41.41 USD. An Inverted Shoulder Head Shoulder Formation is a sign of a trend reversal and hereby signals us the end of the correction phase that has lasted since 18.02.2021. After reaching the target and a subsequent correction phase, the price very often rises back to the price target of the Inverted SKS (Superior Retest of the W Formation from the weekly chart) and continues the upward movement. 3. hourly chart In the hourly chart, we see a Bearish SKS that has its target at 30.33USD. (0.382 Fibonacci area from the weekly chart). Overarching the possibility exists that a harmonic pattern is formed ( Gartley Formation ). The Gartley Formation is to be considered as a trend-following pattern and gives the following price targets from point D ( 30.62 USD ): (Blue lines) Target 1 34.78 USD Target 2 37.40 USD Target 3 44.65 USD All these formations give me personally a good feeling that Lucid Group has a lot of potential upside in the long term. Finally, I would like to show you a comparison picture to AMC Entertainment, immediately after my analysis at that time, the price of AMC Entertainment rose impulsively to the current all-time high at 77.30USD. If you liked this idea, I would appreciate a click on the Like button ;) If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function. Thanks a lot Disclaimer: Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;) This analysis is for informational purposes only and is scientific in nature. This analysis is not based on any fundamental data! This analysis is not an investment advice and should not be considered as a buy, sell or hold signal. Always do your own research before investing and seek the advice of a qualified person. I am not an investment advisor or similar and do not make any investment recommendations here.
NASDAQ:LCIDLong
by Highrisk221
50
Lucid Motor USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NASDAQ:LCID
by Sunstorminvest