#CCIV LUCID DRIVERS#
#CCIV LUCID FREE#

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. Buying around current levels sub-$23 means using a break of $20.90 as your stop, as we mentioned that this ends any bullish sentiment. Lucid needs to break the short-term 9-day moving average at $23.38 and then the high from late July at $29.03 can be targeted. If so, then that should follow through with Lucid also.īuying dips is always tricky, but if the long-term trend is in your favour, then it should make things easier. We wrote earlier that it may be time to test a buy the dip strategy in Tesla (see here). Tesla will set the tone for the sector as ever and in particular with the news flow surrounding that one. Failure to break this, and we can start to dream of higher prices again. Otherwise this will be a lower low and end the bullish trend. The low at $20.90 from July 19 is the level we really want to see holding. Not a definite move just yet and it may turn out to be a buy-the-dip opportunity. The nice uptrend channel now looks to be in jeopardy after Tuesday's break lower. We will use both tickers for now as the old Churchill Capital still garners some attention despite the recent name and ticker change. The point of control is the price at which the highest volume has occurred – an equilibrium of sorts.Īverage Wall Street rating and price target Lucid Group closed on Tuesday at $22.56, breaking out of the long term uptrend channel and in the process hitting the point of control at $22.43. Tesla stock understandably fell sharply on Monday and Tuesday, and where Tesla goes other electric vehicle stocks tend to follow.

#CCIV LUCID DRIVERS#

'Tesla and Musk’s repeated overstatements of their vehicle’s capabilities.put Tesla drivers – and all of the traveling public – at risk of serious injury or death,' Senate Democrats Richard Blumenthal and Edward Markey said in a letter to newly appointed FTC Chair Lina Khan. The situation worsened on Wednesday when reports appeared that two US senators want the Federal Trade Commission to investigate Tesla. First, it was news of Tesla's autopilot system being investigated by the National Highway Traffic Safety Administration (NHTSA). Tesla has been the main culprit with Reuters reporting on two potentially negative news stories that have hit the Tesla share price pretty hard. Shares of Lucid Group (NASDAQ: LCID), formerly known as the SPAC Churchill Capital (CCIV), continue to disappoint loyal investors as the electric vehicle sector took a bit of a hit this week. Tesla stock suffers a 3% fall after a tough fall on Monday.LCID, formerly CCIV, stock struggling as Tesla comes under the spotlight.Lucid Group stock tumbles again on Tuesday, down 1%.

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