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CCIV (SPAC for Lucid Motors) Looks Poised To Break Out Violently

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The_Position_Trader  
NYSE:CCIV   None
Chart Patterns Trend Analysis lucid lucidmotors spac CCIV
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chartpattern trendanalysis lucid lucidmotors spac cciv
Although it's possible that the Lucid merger could result in a common "buy the rumor, sell the news" scenario, given how beat up the stock has been in recent months, this scenario seems less likely. Furthermore, the coiling price action right next to a major resistance line in the past trading day suggests that bullish pressure is building.
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