Is LCID Ready to Defy Gravity?!

2024年12月11日

Here I have LCID on the Daily Chart.

Price has been wrestling with the ( $2.55 - $2.30 ) area all 2024, but with the new Gravity SUV finally in production:
tradingview.com/news/gurufocus:a72a5bd87094b:0-lucid-motors-stock-soars-10-as-gravity-suv-enters-production/

along with tension easing from speculation on what the Trump Administration plans to do with the EV Sector:
tradingview.com/news/tradingview:602d180ad094b:0-lcid-lucid-stock-gains-10-as-investors-ease-concerns-over-trump-s-ev-tax-credits/

We could see Price on LCID take off!

Since the August High's @ ( $4.43 - $4.25 ), Price has been following a Falling Resistance but we see on Dec. 6th, Price not only became extremely Bullish testing the Falling Resistance from underneath but also:
-Built Massive Bullish Volume
-RSI Pushed Above 50
-Followed by a Bullish Candle Close outside of the Falling Resistance to start the week on Dec. 9th.
*Suggesting Market Sentiment is changing and Bulls could be getting ready to take over!

Today on the 11th we see Price has made a Pullback to the Falling Resistance to Retest the Break @ $2.28 and is currently trading up to $2.35 showing a good Bullish reaction to the Lower Prices now!

We must continue to see RSI stay Above 50 and Bullish Volume remain dominant upon Prices rise along with good output from the new product line and the company continuing to gain investing support!

2024年12月11日

交易進行

After Price Retested the Falling Resistance and began pushing up, I Bought Shares

2024年12月20日

註釋

LCID Price is beginning to form a Morning Star after finding Support in the $2.54 area!

2024年12月24日

註釋

Price has Filled the Gap made in Mid-October and in doing so has created a Fair Value Gap!

We can see this Bullish Rally is starting to lose some Volume so we could see Price potentially pullback to fill this FVG before moving higher!

Potential Pullback to ( $2.95 - $2.87 ) Range

1月2日

註釋

Price on LCID pulled back to the Fair Value Gap @ $2.90!

Added Shares