LCID: Strong downwards wedge after impulsive move signals a bull flag
~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum!
~ RSI also has a lot of room to grow.
~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this cross is weak as it has low volume.
~ Another err is the false breakout on the lower side before coming back in. This can be attested to the QQQ action of dumping today. The fact LCID was able to stay bullish despite QQQ and the VI being bearish/choppy for some of the day
~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum!
~ RSI also has a lot of room to grow.
~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this cross is weak as it has low volume.
~ Another err is the false breakout on the lower side before coming back in. This can be attested to the QQQ action of dumping today. The fact LCID was able to stay bullish despite QQQ and the VI being bearish/choppy for some of the day