Jack Ong
03-18

$Lucid Group Inc(LCID)$  

Date Expected Range Rationale

17-Mar-2025 $2.25 – $2.55

Consolidation near March 17 resistance ($2.72); pre-market surge (5.09%) on Morgan Stanley upgrade suggests bullish momentum.

18-Mar-2025 $2.20 – $2.65

Volatility risk from mixed capital flows (5-day net outflows) and high volume ratio (7.88).

19-Mar-2025 $2.15 – $2.70

Potential retest of $2.72 resistance if AI/EV sector sentiment improves. Watch for short-covering (short volume ratio: 12.86% on 14-Mar).

20-Mar-2025 $2.10 – $2.60

Profit-taking risk amid weak fundamentals (EPS: -1.25, ROE: -54.15%) and analyst caution (9 "hold" ratings).

21-Mar-2025 $2.05 – $2.75

Weekend gap risk due to low float (1.21B shares) and speculative trading.

Enjoy the profit 😜 

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