ownas

LCID Swing Trade Idea - Long

NASDAQ:LCID   Lucid Group, Inc.
The EV sector, as always has been hot and people are looking to make Tesla kind-of-gains, and so people are looking at alternatives / competitors.

39 -> 55 is my long, and depending on how it holds at that price level, may look to go short via put to ride a possible strong rejection at that price level.

Technicals:
-Swing low to high (fib)
-Confluence at high (volume profile and resistance)
-Fractals bullish
-About to cross 200 ema (1 hr view)

This is my first published trade idea. Please let me know what you think!
Aviso legal

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