In our previous report, we highlighted the importance of the 3.40 USD support level during the current correction wave, during which the company formed five waves as an indication of the beginning of a general trend reversal. Between shareholders' ambitions and the company's financial performance, we expect a positive price movement supported by the company's quarterly results, provided they come out positively.
Additionally, the official announcement of the Lucid "Gravity," which is expected to boost the company's financial performance once it hits the market in 2025, could make that year the long-awaited optimistic one. However, the stock is still facing selling pressure in the medium term, so the current movement may be suitable for medium-term trading until a full trend reversal occurs.
Additionally, the official announcement of the Lucid "Gravity," which is expected to boost the company's financial performance once it hits the market in 2025, could make that year the long-awaited optimistic one. However, the stock is still facing selling pressure in the medium term, so the current movement may be suitable for medium-term trading until a full trend reversal occurs.
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