Fibonacci Setup In LCID

Oct 28, 2021 - 1:57 PM EDT

We had a nice setup in LCID when the market pulled back after an initial upside breakout. The low was made right on top of a symmetrical projection along with a 50% retracement at the 21.89-22.26 area. My guess is that LCID started to have a sympathy rally with the huge move we've seen in TSLA. So far we've seen a rally of $19.49 off the support. Note that three targets are already met in LCID and it's time to protect profits.

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