A lot of chat in the Telegram group about $LCID and some members have bought.
It has jumped 10% since bouncing at the blue line at $5 ($4.97 to be exact) so the target was reached!
The Market Cap is still quite high for $LCID considering their delivery numbers but Americans will buy this over Chinese EV's so it demands a higher premium....unfortunately.
So let's see how the bounce behaves, this was certainly a test of support at $5, now it needs to show a series of higher highs and getting out of this yellow channel and above the 50 Day MA at $6.20, so this is very similar to $FSR resistance level at $6.41.
Gareth Neary
2023-09-30 12:16:06 +0000 UTCRandumbInvestor
2023-09-30 12:15:12 +0000 UTC