CCIV in uptrend

$NYSE:CCIV in uptrend as investors await news on the eagerly anticipated Lucid merger. It appears as if the pattern with spacs is a spike on announcement, and then a sell-off as early investors take profits until the stock price settles. It is possible that in this case, the sell-off may not be as punctuated, due to the high expectations regarding Lucid. What do you think?