$LCID - RC -
Added 2023-07-04 20:15:10 +0000 UTC$LCID enjoying the positive sentiment back in the EV market, in spite of a downgrade from $CITI. $LCID's market cap is at $13 Bill, short of $NIO's $15.9 Bill cap but is far behind on their execution and production numbers.
$LCID gets a higher valuation because it is US and not Chinese and we all have our own opinions on this.
Approaching the top of the yellow channel here and it has rejected twice here already but it does appear that money is flowing back into EV's now and $LCID is not one of those companies that is on the brink of going bankrupt.
I suspect it will pull back like with $NIO, before going higher, so I have added in the second green impulse wave if the bottom is now in at $5.46.
Comments
Is the $5.01 still a possibility? I’m very content with my position, but, I will definitely add at target zone. I’m not sure if $LCID will be pulled from Nasdaq 100…if it does, that should have a negative effect on the share price. I will not chase 👍
RandumbInvestor
2023-07-05 18:23:50 +0000 UTC0.618 Fib is at $6.20 so between $6.20 and $6.45
Gareth Neary
2023-07-04 20:21:41 +0000 UTCWhat price do you expect the pullback to go to?
Dan G
2023-07-04 20:19:06 +0000 UTCCan you explain second green impulse Wave?
Dan G
2023-07-04 20:16:34 +0000 UTC
