Friday, January 19, 2024 9:20:50 AM
Short squeeze (lottery ticket) distraction while we wait/watch the bigger market picture degrade.
Tesla has been lowering the price of its cars to better compete with its Chinese rivals. This has pulled the rug out from under Lucid.
https://finance.yahoo.com/news/lucid-stock-hit-record-low-213657050.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADtHBQqtOEZPQgb_xP1bJT2JqYGsAn2bvPil9gIx795pFj36QtYNqqJ1kTZO07f1GEu4k3CR7tUR4z_O9Rz8FLQ7T6vqkuTiNFtF3JEjYN2DXPbtyzpeBEZSNmF7Q8n2k_IZsOwjxCn-a_QiPBkhr1lstBBabS3HDAjfxGtm4Hf5
LCID 20% of float shorted. Current price 2.65.
Most brokerages won't let you short below 5 bucks a share price so no more new shorts.
The PPO us hinting this morning it is turning up. A short squeeze in the making is possible. I am watching for the 9ma to cross above the 20ema, then I will buy. GLTY
https://stockcharts.com/h-sc/ui?s=LCID&p=D&yr=0&mn=6&dy=0&id=p24437435955
Tesla has been lowering the price of its cars to better compete with its Chinese rivals. This has pulled the rug out from under Lucid.
https://finance.yahoo.com/news/lucid-stock-hit-record-low-213657050.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADtHBQqtOEZPQgb_xP1bJT2JqYGsAn2bvPil9gIx795pFj36QtYNqqJ1kTZO07f1GEu4k3CR7tUR4z_O9Rz8FLQ7T6vqkuTiNFtF3JEjYN2DXPbtyzpeBEZSNmF7Q8n2k_IZsOwjxCn-a_QiPBkhr1lstBBabS3HDAjfxGtm4Hf5
LCID 20% of float shorted. Current price 2.65.
Most brokerages won't let you short below 5 bucks a share price so no more new shorts.
The PPO us hinting this morning it is turning up. A short squeeze in the making is possible. I am watching for the 9ma to cross above the 20ema, then I will buy. GLTY
https://stockcharts.com/h-sc/ui?s=LCID&p=D&yr=0&mn=6&dy=0&id=p24437435955
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