$Lucid Group (LCID.US)$ dip on the uptrend technical analysi...
$Lucid Group (LCID.US)$ dip on the uptrend technical analysis bullish
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im a sTOnK exPeRT but i do not give financial advice (:
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DeltaKiloLima : sorry bro. TA wise.
1. Trend line has been Broken
2. 4Hourly chart indicates a bearish Divergence
3. Retracement larger than swing highs now.
so you have a bearish divergence indicator which signified a potential trend reversal with a 30% dip in share price to confirmed that bearish divergence trend reversal, furthermore, 21ema has crossed the 50ema signifying another potential bearish momentum to the downside.
it is very clear, this is the beginning of the down trend, the only way to invalidate this is for LCID to trade above 55. which is very unlikely, those that enter at 38,39,40 will bound to take profits along the way.
Bears will slowly take over the market. be warned. this is the beginning. area of Value is around $38. it could possibly dip to even $35 in the weeks to come. take care