After nearly three years of trading below its best respected MA resistance band, LCID now knocks at the door of its long time weekly moving average resistance band:
Zooming in:
The resistance band is composed of its 52-week EMA and its 71-week SMA.
In the last five weeks, LCID rode its best respected MA support line – the 5-week SMA.
How will that develop? Let’s sit back and watch.