Jul. 16 at 4:02 PM
$LCID +13% today on the Morgan Stanley note. Nice candle.
But zoom out — this has walked from ~
$25 down to ~
$6 since October. One green day inside a downtrend like that is a bounce until the structure proves otherwise.
It's also exactly when premium looks fattest: IV pops on the spike, the calls look juicy, and it's tempting to read a pop as a turn.
What would you need to see before calling this downtrend over — one day, or a week of holding? 👇
