Could it be a bullish recovery?

LCID could be a bottoming out stock in play after it broke above the key long-term downtrend line since Nov 2021. Furthermore, the stock has broken above the bearish gap and if it could sustain above the levels: US$3.17, then it could be a potential bottoming out play.

Ichimoku has shown three bullish golden crossover and the Stochastic Oscillator is showing a recovery in bullish momentum. Volume is expanding in a healthy fashion, making the stock attractive for mid-term momentum play.

If it corrects in near-term, then 2.31 support will be worth looking out for a rebound.