NEW Lucid Saudi Partnership │ Lucid Short Squeeze Coming🔥 Lucid Shorts Increase 200K TODAY
Overall SentimentBullishStrength: 65%
Overall Thesis
A new Saudi partnership announcement and Saudi Arabia's lithium reserve discovery are indirectly bullish for Lucid's supply chain, and the stock's technical indicators show higher highs coming despite short seller resistance.
Narratives
LCIDLucid Motors
BullishLucid Middle East announced a partnership with the Saudi Authority for Accredited Valuers to improve vehicle damage assessments. Saudi Arabia's massive lithium reserve discovery is seen as indirectly strengthening Lucid's AMP2 supply chain. The stock is above all key moving averages and very near overbought on the stochastic RSI. Options show bulls targeting above $4 for January.
Key Arguments
- Saudi Arabia lithium reserve discovery expedites supply chain for AMP2, supporting production ramp to 10K and eventually 150K by 2026
- Lucid stock up 54% in last month — shorts being squeezed gradually
- Options consensus for above $4 for January 17, 2025
- Stock above all key technical indicators — above 50/100/200-day moving averages and Alma
Predictions (1)
BullTarget: $35.20
missDetails
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