LCID falling down on weak revenue LONG

23 Şub

LCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over

the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear

flag in its consolidation portion. While price could go even lower, reversion to the mean says

that it will retrace. The Fib tool suggests 3.35 over an intermediate term. LCID has a rich

uncle in Saudi Arabia and its wealth fund. Most certainly, they will accumulate heavily at this

price level. Shorts will buy to cover once there is a saturation of buying and price action

follows in keeping with Wychoff's theory. The mass index has signaled a reversal. I will dip buy

this like the SA traders and add to the position once some bullish momentum is seen.

23 Şub

İşlem aktif

ZOOM- in view linked here

24 Şub

İşlem aktif

Holding full position. Zoom-in view shows changes to stop loss for risk managment
in the trade

25 Mar

İşlem aktif

Nice actin today fully funded on long from profits on the prior short. Yinn and Yang
play tag.

17 May

Not

Trade active:
LCID moved higher. Took partial profit on half the call otpions at share price of $3.05. Price pulled back ina Fib Retrace. Reloaded at the pullback. A typical zig-zag strategy. Holing beyond this week. Looking for LCID to get more trader attention as TSLA struggles and FSR is all just become extinct.