Diamond Level Lucid Support ⚠️ BIG Money is Waiting to BUY for THIS │ LCID Stock Analysis
Overall Thesis
LCID is holding diamond-level support at $12.34 with key Nvidia earnings as the potential reversal catalyst, but the stock is a falling knife with no institutional buyers and December rate cut probability collapsing to 33.5%.
Narratives
LCID is down 3.66% at $12.48 with December rate cut probability falling to 33.5% after hawkish FOMC minutes. The stock has now bounced off $12.34 twice — speaker sees this as a potentially significant technical support level. One institution bought $899K worth but that wasn't enough. Nvidia earnings after market close tonight is the key catalyst — a positive result could trigger a V-shaped recovery to $15.32, while a miss would bring $10 into view. Speaker notes an analyst using wrong ticker LUCD vs LCID which explains some Cantor Fitzgerald confusion.
Key Arguments
- $12.34 has acted as strong support twice now — could be a temporary bottom
- Nvidia earnings is the key catalyst for tonight — positive result could trigger algorithmic bounce
- December rate cut probability collapsed to 33.5% after hawkish FOMC minutes — major headwind
- Anyone saying $23 is next is 'comical' — speaker dismisses aggressive bull cases