LCID end of week $30
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News:
Last week we heard the fantastic news that the Lucid Air Dream Edition received an official EPA range of 520-mile.
Technical Analysis:
Last week,
LCID
* ended above the 50 moving average AND the 200 moving average,
* broke out the descending trending line,
* ended above the volume profile visible range (VPVR) point of control (POC),
* volume started to really ramp up,
* the MACD crossed (and stayed) above the signal
* RSI in the green
To me, except if we have a market correction across the board,LCID should continue to move up and reach its resistance at $30.
Last week we heard the fantastic news that the Lucid Air Dream Edition received an official EPA range of 520-mile.
Technical Analysis:
Last week,
LCID* ended above the 50 moving average AND the 200 moving average,
* broke out the descending trending line,
* ended above the volume profile visible range (VPVR) point of control (POC),
* volume started to really ramp up,
* the MACD crossed (and stayed) above the signal
* RSI in the green
To me, except if we have a market correction across the board,
LCID should continue to move up and reach its resistance at $30.Nota
I'm sill bullish on LCID. $25 as the support. En route to $30.
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