LUCID - Am I Dreaming?

8 thg 6, 2023

LUCID - likely has the best battery operated cars on the planet. So how does that influence price? Well, to date it hasn't as all eyes are on production and scaling up so the rest of the world can see these beauties. But if one observes the charts closely there is some driving forces that could catapult price into the clouds. The candles on a 5-day timeframe are shown for reference along with the potential paths, of note is the last time the BBs were this horizontal there was a fairly decent move to the upside, yellow path... It is hard to get a clean Elliot Wave count as this has seen fresh lows since its IPO, but if the low is in or near, then the white path should unfold... techs are improving on this without much gyration down, IMO this suggest some strong move up could eventually occur. Approach with risk management in mind and any sudden moves down can be mitigated to a degree. GLTA!