$LCID Near Support?
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LCID is clearly in a stage 4 downtrend. Who knows when it will end and at what price? I thought it interesting for the “bottom fishers,” that it looks like we are nearing 2 “potential” support areas. We also have earnings coming up next week. I will not be trading this at least until it can make a higher low, maybe after earnings? Right now, it’s making lower lows. I like this electric car company and think longer term it has lots of room.Nota
Not looking like support area 2 is going to hold, TBD... Next support area is SPAC price of $10.00. Not even sure that can be considered as support. Like I said above, I'm not interested in trading this until and unless it can put in a higher low.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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