What's good beautiful people welcome to stock up with larry jones, oh yeah baby? What is up everybody welcome to trace trades. We have technical analysis and different stocks in the stock market, as well as potential buy or sell opinions on these. Given stocks, i like to preface by saying that i'm not a financial advisor nor expert so take what i say of the great assault, let's get into the video today. My friends are looking at ticker symbol cc iv up here in the top left for you, churchill, capital, corporation 4, or, in other words lucid motors baby.

They had just recently announced their merger with lucid. It is going to happen. We saw this crazy, crazy, sell-off, followed by the nasdaq, the dow, the entire market, taking it poop in the morning absolutely got ripped, but i'll tell you what you buy on these i'm buying these dips baby, so we're not mad at that in the least bit. So we're gon na talk about the fundamentals of this company right.

Why? I think this is a great long-term stock to be completely transparent. I do not have a position in uh cciv. I am currently sitting in mbis ctxr, xzone, sensonics, hdtc, uamy and amc in my weeble portfolio, and i do not have this in my other portfolio either. So i am just showing this to you guys, based off solely what i think is interesting right and take that for what it is so uh we're gon na look at the fundamentals of the company.

A recent news article, i think, is worth talking about why i think this is a long-term stock and not just a merger play stock uh, as this is going to be a great competition to tesla and then the meat potatoes, which is the charting setup. So we're gon na sell the one month chart as well as the one day one minute chart to get both a macroscopic and microscopic perspective of the overall price action. I've got a couple. Different indicators pulled up the rsi, which is relative strength index.

Anything over 70s or about anything under 30 is oversold. This gives you an idea, both bullish and bearish momentum on a stock. Then i've got the 200 ema, which is the exponential moving average. This purple trend line and the 15 day ma, which is the moving average.

This is the blue trend line. The 200 dma is a price action based valuation trend line over a 200 day moving period, which gives us a macroscopic perspective of the overall price action and then the 15 day m8 is the the moving average. This gives us a price, action-based evaluation trend line over a 15-day moving period, which gives us a microscopic perspective of the overall price action we use these side-by-side. So we can predict upcoming breakouts breakdowns.

Uh increases in volatility decreases in volatility, get the best bang for our buck. The best possible entry points so we're going to label off some entry points, for you guys really we'll have some both bullish and bearish momentum and patterns that we're seeing here on the charts. We've got to talk about so, let's just get into the video, so cciv was a blank check company that was formed solely for the reason of forming a merger. We're not going to talk a lot about cciv in particular, but rather the potential upside with the merger.

With lucid motors now, i do not think this is going to be a short term or midterm stock. I think that you're doing yourself a disservice and you're leaving some bags on the table. If all that you're looking at with this is a midterm or short-term investment. As lucid motors just recently, uh had some news come out talking about how they want to have a car that rivals the tesla model 3 by 2025.

The ceo had stated this himself, so this is going to be a long term play at least for the next four years right, you're, going to look at some good potential for growth. Tesla took a long time to play out, so i just want to show you guys tesla here really quick tesla did not become a that's. Not tesla. Tesla did not become a a freaking million dollar stock overnight right that took some time to play out.

So if we look at this on a five year chart, you can see that not a lot happened for a very long time right. They went. They went uh one year from 42 bucks up to you, know 42 up to 68 down to 61 up to down down to 53 around 68, and then it started taking off right. So things can take time to develop.

However, the difference being tesla was the only true ev vehicle right in the united states back in 2016, when uh, you know it wasn't trading very high, so they were really starting to figure things out and now. There's a path right, lucid motors, is going to be set up for more success because they have something to follow. So with that being said, lucid motor already has a couple. Different vehicles, they've got the lucid air and they also have the air.

The lucid air has a 517 mile max projected range, which is actually insane when you think about that. That's how far you're going to get off of one charged tank of electricity. It feels weird to say that instead of gas, starting at 69 900 with 1080 horsepower, so that's pretty solid. My friends.

That is a lot of horsepower and then the the air is the same cost that is 69 900 480 horsepower gives you 406 miles projected range. I'm a little bit confused as to why this vehicle gets a little less than the other vehicle. If you have an idea of why, let me know i'm not i'm not a car expert by any means, but nonetheless these are sleek cars. They remind me of of teslas but luxury style cars right, so this looks like more of a family car lucid air looks like more of a, i wouldn't say, a sports car, but it's definitely sleeker without a doubt.

So that looks that looks very solid. My friends, they're fast they've got solid horsepower, especially this lucid air. The horsepower on that is monstrous, that is, that is beautiful for sure, and then we're working very hard on this ev technology. So we just want to take a quick peek at what we're looking at here.

It's race proven performance right. This has been tested on tracks. We built the lucid air to achieve benchmark setting range without compromising any of the high performance that makes an extraordinary driver's car. Our world-class battery technology has been proven time and again in competition with the world's leading electric motorsport racing championship via our ativa technology unit, and the lucid air has established itself as a world-class performer on the highway and at the track.

It's got 45 minutes to take uh to charge it up, which is not that long either it's longer than filled up with a tank of gas, but this is something that you can adjust to and get used to. Without a doubt, the lucid speed tackles the track. So engineers took this out on the track tested it out. The lucid speed team tackled the toughest testing locations in the world, including the sweeping turns at high speeds of weather, tech, raceway, laguna saga and cali socal baby.

So that's a sleek looking car, my friends, i don't mind how that looks in the least bit and uh. I think it's gon na be a pretty solid competition to tesla. In fact, it's gon na be a good thing for tesla, because uh without this competition right, they pretty much dominate the market, and this is gon na force them to step their game up. You're gon na see this battle.

I think between lucid and tesla down the road which is gon na drive both of these stocks higher and higher and higher, because they're gon na have to keep improving and keep getting better. Not that i think elon musk would ever stagnate by any means. But i'm excited to see what happens so, as i mentioned, lucid aims to unveil the tesla model 3 by 2025 and due to go uh public by merging with a blank check company cciv, they plan to beat uh. This, i shouldn't say, beat but at least comp make competition to the model.

3 sedan uh. The revelation was made by peter rawlinson, ceo of lucid and a former tesla engineer, so you should test you should trust what he's doing right. He used to work for tesla, who said the vehicle would be launched in 2024 or 25.. Uh mass producing an automobile on a large scale was an uphill task financially to make a smaller car requires more capital, because you need a bigger factory, more automation, the executive added that he can't wait to make a model 3 like car, but the first priority would Be a luxury vehicle as it takes fewer resources to manufacture.

He disclosed lucy expects to make a sub seventy thousand dollar version of its luxury sedan in 2022, which is uh about the same cost as uh. You know that that uh, lucid air and a utility vehicle by 2023., while rawlinson, acknowledged that the world needs 25 000 cars urgently. He said lucid can't do it for eight years on a realistic basis and even tesla was yet to launch such a car. The reasoning for this i was listening to an interview from elon musk and he said in order to get a vehicle that costs 25 000.

We have to find ways to decrease our costs right so that the the revenue to profit margin is not as tight as it is right now. So, basically, what you're looking at is the engineers you know through trial and error and essentially uh repeated. You know, manufacturing. It's going to be able to find areas where they can decrease costs eventually decrease the cost for the consumer, so they can lock in margins and you can get the car at a better deal.

So that's going to take a lot of time to play out right. So honestly, i think you're looking at eight year old here. I think if you truly truly want to see the fundamentals and the basics of uh of cciv or lucid play out for you, you're gon na have to hold this stock for a little while and that's not a bad thing. In fact, i think that is the move here.

You're gon na be leaving some bags on the table if you decide to only hold this, this uh this company for that period of time, lucid motors, also received, if i remember correctly, a 12 billion dollar valuation. So we'll see lucid motors valuation, i believe it was 10 uh, 12 billion dollars uh. So it's actually 56, my bad! I take that back so losing motor back skids as 56 billion dollar valuation sparks bubble concerns, and i'm not concerned about this. So i got a 56 billion dollar valuation.

We're just gon na read through this here really quick uh shares of churchill capitals for court fell more than 40 on tuesday, as its merger with electric vehicle maker. Lucid motors sparked concerns about the real words of the company, which has yet to start regular production uh. If we just take a quick peek here still even after the slide, cciv stock price implied a 56 billion dollar market cap for lucid once the deal closes. Making one of the highest value vehicle makers in the world and marking a hefty premium to the price at which the lucid agreed to merge with cciv.

It also implied a paper gain of nearly 3.3 billion for veteran deal maker, michael klein and his partners in the blank check acquisition firm in comparison to tesla, we're just going to look at tesla's stock, real, quick and show you their market cap right and their market Cap, if i remember correctly, is about half a half a trillion dollars, we're just going to take a quick peek here, so we can validate that though yeah. So it's at 670 billion dollars and they're trading at about 700 bucks, now keep in mind that they've got a different number outstanding shares so that that's not quite comparable, but i do think it's realistic that down the road you can see a similar market cap here. I wouldn't say quite 670 billion dollars, but i would not be surprised with 300 billion 350 billion. You know two or three years down the road if they can start commercializing their vehicles and be a big player in the game.

So i think that recent news is worth sharing the current financial situation. Obviously they got that valuation. I had read 12 billion dollars, but we're going to take the most recent news for what it is right and let's just take a look at the charts here. So the double down on that i do think this is a long term hold stock.

I don't have a position, as i mentioned earlier. I think someday i'm going to take a position, but there's other stocks in the market right now that i'm more excited about than cciv, which sounds crazy, but take it for what it is. I like to do my due diligence i like to have my own true convictions in my stocks, and that is uh. That is where i'm at right now with those so looking at this setup right now, we see that it is on a descending level of support.

The correction was obviously super super harsh. We had that crazy dip and pullback right, but this is a good opportunity. We see that it's bottomed out. We see that it's about the day yesterday, consolidating consolidation, favors buyers, it favors bowls.

In fact, we have a little bit of a squeeze down in price action. I would anticipate that sometime in the next uh two or three days that you're gon na see a hard push over this descending level of resistance. We don't quite have those three touch points. Yet but we've got it set up right, we've got it set up for sure.

So we've got one two different touch points here and if we end up getting a third touch point that is going to be a signified, respected level of resistance and a push over that should come with some violent price action. The 15 m8 did cross underneath the 200 dma, so this is technically embarrassed territory. However, these lines are parallel with each other, so if they're parallel with each other, that typically indicates upcoming consolidation. If they're hooking away that that implies, you know an increase in volatility to come and if they're hooking in towards each other, that that would indicate a decrease in volatility coming or an upcoming uh swing as well.

So you know, i would anticipate another consolidation-esque day now. They are up in the pre-market about 4.8 percent, but not anywhere near as much to to make up that 40 loss that they took previously. However, don't panic because we do have a george w - that is a nice filthy, double bottom, which is typically a sign of an upcoming bullish run that looks absolutely beautiful. I don't mind that at all uh, double double bottom typically indicates that you're going to have a bullish reversal, so we're looking for that bounce off of that bottom level of support that ascending level support to test out that descending level of resistance.

So if you want to buy into this, i don't think you're going to do bad buying it. You can buy in right. Now i mean, if you want to hold this long term, that's not going to treat you bad, but if you want to get this at the best possible cost right, try and get it in that mid 35 range, so 35 dollars and 60 cents. If it holds that respected level of uh, sending support is going to be the best possible entry point on the rsi sitting at 38, and it's been consolidating right.

It doesn't have any bullish momentum yet, which means that the risk for buying in right now and missing a run-up is not high. You might be a little bored, you might buy it today and you might be like gosh dang it it's not doing anything, but that is okay. My friends, that's not bad at all right. That just means that you're getting in before the hype comes back to this play and it will in fact come back to this play.

I can almost guarantee you that lucid motors, i don't think it's gon na, be going anywhere. I think they're gon na be a big player and look at all the people that bought into this who took advantage of that crazy dip in a one hour time period right that first hour market open, we saw 78 million total shares traded. If you look at this on a daily chart, that was the almost the most volume this stock has ever seen since it has been traded. So that is significant.

The volume is nice and consistent. It's actually been increasing. You know day over day over day, and i don't see that changing anytime soon, so i just double down on that. I think the mid 35s, if you can get this at 3560, that's gon na be the best possible entry point into this.

This is a great long-term stock. I would hold this for five to eight years. Personally, i think you're gon na be looking at eight years. If you truly want to read the benefits of the growth of this company right uh - and that is what we're looking at on the one month chart just to look at any last minute confirmations on the one day, one minute chart we're going to delete all this Here really quick: we've got a little bit of a gap up here at uh.

What would be pre-market open at 4? 00 am so. We've got a nice little gap here and it's been consolidating since so. Typically, if you see a gap up right and it opens red after that - or it pulls back after that - you're gon na see uh that gap end up getting filled. However, it's been consolidating, so it's squeezing down a little bit here in price action.

You can see that right. I would anticipate you're gon na see a pretty nice move today. I think it's gon na be a nice green day for cciv uh. We have a nice respected level of support.

Here we have a descending level of resistance. We get those three touch points on both of those uh and since we have the 15 ma trading over the 200 ema, that's me indicates that we're in polish territory, meaning that uh, i find it likely you're going to see a little bit of an inching up Towards that uh that that uh, that macroscopic bullish territory, i think it's going to come slowly. I don't think you're seeing any crazy rips today, but we will wait and see, and that is what i have for the video today. If you enjoyed it, please drop a like if it does help support the channel and consider subscribing if you like, to see more content like this.

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