The clever stock rose in the news about the Robotaxi partnership with Uber, Nuro – roam these key levels

The Lucid Group (LCID) -Scharte rose on Thursday in the news, in which the EV startup works with the self -driving software manufacturer Nuro and the huge giant Uber Technologies (Uber) to bring a new group of robotaxis to the Uber platform.

With the deal, at least 20,000 self-driving lucid vehicles with the autonomous driving software from Nuro will improve hundreds of millions of dollars to both companies in the next six years.

According to the announcement of the partnership, analysts warned that companies may face challenges as quickly as Uber, and pointed out that Tesla and Google Parent Alphabet (Googl) Autonomous Waymo Waymo and technological advantages over Lucid and Nuro. Last month, Tesla (TSLA) started its own robotaxi service in Austin, Texas, as a competition on the self-driving taxim market.

Lucid shares rose by 36%to close the session on Thursday at USD 3.12. With today's pop, the share increased by almost 60% compared to the low of the month, but still 18% lower in the past 12 months, stressed by severe losses, capital increases and a number of analysts.

In the following we take a closer look at Lucid's diagrams and identify the price levels that investors will probably watch.

Volume

After 50 days have been consolidated in the past few weeks just below the sliding average, Lucid shares stated a decisive outbreak in the trading session on Thursday, which may have had the prerequisites for the subsequent purchase. It is important that pop on the highest volume has occurred on Nasdaq since the company in July 2021, which indicates a conviction behind the move.

Today's breakout also increases the possibility that the stock has completed a triple floor. Between November and July, three different trogs form on the same level on the table. In the meantime, the relative strength index confirms the bullish price dynamics, although the indicator is crossed to an overbought area, which increases the likelihood of short -term profit.

Let us identify three important overhead areas that you observe on Lucid's diagram and indicate an important support level that is worth monitoring monitoring.

To observe overhead areas

The first overhead area that can be seen is 3.60 US dollars. This area on the table could deliver sales pressure near the prominent January and February summit, which at the end of September last year also match the opposite shot.

When the shares above this area increase on the purchase of 4.35 US dollars. The price can come across resistance at this level near remarkable peaks, which formed on the table last July and August.

Another bullish dynamic could drive a rally to 5.30 US dollars. Investors who bought at lower prices can decide to give the profits in this region near the great swinging high in December 2023, which was created during a steep downward trend in the stock.

Important support level is worth monitoring

If Lucid Shares regards after today's strong step, investors should keep an eye on the level of $ 2.50. This location would probably take up the purchase interest near the 200-day MA and a trend line that connects a number of corresponding price campaign on the diagram with the last year in June swing.

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Until the date on which this article was written, the author has none of the above securities.