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LCID on ACID – Wednesday, Nov. 17 2021 – Good Trip TA

LCID on ACID - Wednesday, Nov. 17 2021 - Good Trip TA

LCID Technical Analysis – 15 min

  • Pivot – 56.92
  • Support – 54.30 – 52.67
  • Resistance – 58.60 – 60.31
  • Bullish targets – 65.23 – 70.12 – 72.94+
  • Bearish targets – 48.05 – 43.79 – 39.50
  • Support at 20 SMMA

https://preview.redd.it/ug4tuz80j3081.png?width=1420&format=png&auto=webp&s=1284bc06c93bc627d18ba75274dfa07f6e2f5f29

https://preview.redd.it/5khyyf6fm3081.png?width=3412&format=png&auto=webp&s=4cc5d8e872824cc3d9a116b9344bc3844e21038e

RSI – 65 min

  • Above 50 but overbought
  • Still room to run
  • Bulls want 86.70+
  • Be mindful of possible bearish divergence

https://preview.redd.it/t8mlixhci3081.png?width=3412&format=png&auto=webp&s=1a05469fd4b6fb88fda7f8386d85e02f638ec50b

VI – 65 min.

  • Momentum favoring bulls
  • Still room to run

https://preview.redd.it/qu1mbit3i3081.png?width=3412&format=png&auto=webp&s=985d0913c771fae98eeb9d5363563ba62ccb4b83

LCID – Option Data

  • Put Volume Total – 318,929
  • Call Volume Total – 633,252
  • Put/Call Volume Ratio – 0.50
  • Put Open Interest Total – 492,014
  • Call Open Interest Total – 671,877
  • Put/Call Open Interest Ratio – 0.73

https://preview.redd.it/qpd3c3kri3081.png?width=1850&format=png&auto=webp&s=a40d44626d4fe3e8bf2a419916f7171a8621955a

47.92% of gamma expires 11/19

https://preview.redd.it/bw0cf29jj3081.png?width=3144&format=png&auto=webp&s=a2c3d32bd158434c3f2cad3c2607eac485eb5f9c

Current Positions:

  • Looking to enter LCID in either direction.
  • Bearish price action – 50p 11/19
  • Bullish price action – 60c 11/19

https://preview.redd.it/4ojn1sunj3081.png?width=1456&format=png&auto=webp&s=60238eb8b36b2d9207ffa204cdd148b106cec277

Thanks for reading,

🌝NightMan

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