Nov. 14 at 4:31 AM
$LCID is currently trading at
$15.17, near its 60D low of
$15.17, indicating potential support at this level. The RSI of 26.26 suggests that the stock is oversold, which may lead to a price rebound. However, the stock is significantly below its MA30 of 19.24 and MA50 of 20.09, indicating bearish momentum in the short to medium term.
Directional bias is bearish due to the proximity to moving averages and the overall trend, but the oversold RSI could trigger a short-term rally.
Suggested entry:
$15.30, slightly above the last close to confirm upward movement.
Stop loss:
$14.80, just below the support level to limit downside risk.
Targets: First target at
$17.00 (near MA30), second target at
$18.00 (psychological resistance).
This plan allows for a potential recovery while managing risk effectively.
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