Dec. 6 at 3:01 AM
Actionable Trade Alert for
$LCID:
Market Context:
$LCID closed at
$14.15, currently trading below both the 30-day MA of
$15.35 and the 50-day MA of
$18.06. The RSI of 43.7 indicates a neutral to slightly bearish sentiment, suggesting potential for a reversal if momentum shifts.
Directional Bias: Given the proximity to the 60-day low of
$11.46 and the recent resistance at
$15.35, we anticipate a bullish reversal if the price can break above the 30-day MA. The ATR of 0.85 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$14.30 (above current close)
- Stop Loss:
$13.50 (below recent support)
- Take Profit Targets:
1.
$15.00 (target 1, 4.9% ROI)
2.
$16.00 (target 2, 12.0% ROI)
3.
$16.55 (target 3, 16.9% ROI)
This plan provides a structured approach with a potential ROI of over 17% on the third target. Monitor price action closely for entry confirmation.
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