$Lucid Group Inc(LCID)$ fund managers (bear) have controlled the support and now the algorithm is pushing the stock artificially up and down. The stock at this price is still way over valued.
Long term investor provided lucid don't go bankrupt should consider buyiing between 5 to 6 dollars o or even below.
Short term and speculators sell each the the stock is falsely push upwards. That's you best bet but at your own risk.
Conservative investors should just avoid this stock altogether till there is positive news and when lucid actually proven it can produce and compete in the EVs sector.
Do note despite all the mixed analysis out there if the market is entering the bull or bear, my take is that it will go further down if you consider carefully and correctly how the market economy is going to perform. It's all long task to share but do you own research.
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