Looking at a number of charts of individual stocks this past Thursday and Friday I was finding more and more situations where the charts and indicators suggested tradable rallies are possible. This is not "THE Low" in my opinion, but it represents a turn where we can make some money on the long side for a few weeks before renewed declines.
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The safe route is to buy shares, collect the generous dividends and reap the rewards when valuations revert back to normal.
These recently downgraded names are displaying both quantitative and technical deterioration.
LCID's market cap has been deflated, so is it now a bargain, or can it slip further?