BIG Week Ahead for Lucid ⚠️ Lucid TA Pointing to Higher Highs Coming
Overall SentimentBullishStrength: 60%
Overall Thesis
Big week ahead with tech day and Morgan Stanley conference as key Lucid catalysts, while shorts are overextended with only 350K shares left to borrow and technicals pointing to higher highs.
Narratives
LCIDLucid Motors
BullishLabor Day week preview with two major Lucid catalysts: Tech & Manufacturing Day (Sept 10) where speaker expects Gravity reservation unveiling, and Morgan Stanley Laguna Conference (Sept 12). Shorts are extremely overextended at 249.99M shares with only 350K shares available to borrow (briefly 150K), suggesting a 15%+ pop is possible if a catalyst hits. Elliott Wave technicals point toward higher highs.
Key Arguments
- Sept 10 Tech Day expected to include Gravity reservation announcement
- Shorts have only 350K shares available to borrow with 249.99M already shorted
- Last time borrow supply was this low, Lucid popped 15% in one day
- Morgan Stanley rating of $3 by Adam Jonas looks increasingly wrong as stock outperforms
Predictions (1)
Bull
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