Lucid, LCID Continuation

Since my previous Lucid Chart it has been moving as expected and has broken above the last price target set. Now if LCID can break and hold above $8.14 the new target is $9.88 to fill the February Gap Down and will be an additional 21% Gain. Since June 28, Lucid has now established that it is trading above the 7 day EMA for 8 sessions now and that will in turn act as support. Lucid is also currentlyt trading within a Very Longterm Bear Channel with lots of potential to swing within the channel. The RSI and the MFI are both also confirmiung that the current upward trend should continue.

Kommentar:

Well it was looking good but what abismal numbers reported. Their High End Product may be a lot more difficult to sell going forward given the competition.
They might do better bringing some of their High Performance down to a mid level SUV or Sedan to compete against all the other EV Mfr's out there. Why not? How many dozens of ICE-Mfr's have competed and survived over 100 years already. Given Lucid's limited High End Market I'll be very cautious to trade this one going forward.
If it drop's back to the $5.50- $6.00 area i'll be enticed.