Nothing much to say this time. You've read all the stuff i wrote in the past, this is just a post to remind people about my random lines indicating a possible breakout on this very weak (not for long) stock.
If the lines i have above are at least somewhat accurate, we might be on the cusp of a breakout. It needs a bit of time to confirm itself as a real breakout...
Hi all,
Nothing's changed with Lordstown's position. This post relates not to Lordstown's financials or fundamentals but to chart technicals.
In my own data that i follow for all stocks, Lordstown seems to be nothing special and has absolutely nothing going for it. In terms of charting, Lordstown is in a huge bull wedge (which doesn't make sense, i know, but...
Lordstown motors is what might be the end of the bullish wedge. There may be a month or two left in it before anything really happens.
My research on RIDE is not deep, not great, not bad either.
--Fundamentals--
RIDE's hub motors are the main drive (pun) here. Foxconn showed some interest initially and did the deal with them but is not showing up to be a daddy...
NASDAQ:RIDE
RIDE , an EV stock has a catalyst in the new federal legistlation.
It has been rising in an ascending channel since early July when it reversed
a downtrend with a double bottom
Here on the 4H chart are supply demand zones, the volume indicator and an
EMA ribbon surrounded by Bollinger Bands.
Blue volume spikes with the recent excellent earnings...
Really believe these smaller EV plays are like buying tech after the tech bubble. Doesn't seem like it now but long as they survive is the big question. Worth a shot to me at the absolute lows while it's curving. This looks like accumulation area to me, it could accumulate for a year but I think you will love the returns, buy when nobody else wants to!
You like to buy the all time low?
Lordstown Motors Corp. (RIDE) lost 90% of its value from all the 52 week high.
52 Week Range 3.27 - 31.56
% OF FLOAT SHORTED: 19.47%
As a speculative buy, my price target is the $6.8 resistance.
Looking forward to read your opinion about it.
Broken floor, the shallowest B Wave maybe this month or quarter. Could be quite a sizeable drop. We are relatively confident about this one, as Wave C is now confirmed.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red....
Big things could be in store for RIDE after a brutal yet easily foreseen correction in price for the larger part of the year so far.
This asset has been a bucking bronco and now looks to be whipsawing inside of an ascending channel on the weekly and daily timeframes. There appears to be support just below $10 at the moment and should this level hold on the weekly,...
Are we in the middle of a paradigm shift in the entire market? With everyone having access to investing, not everyone knows what to do. So they put money that sounds good or someone told them is good.
We need to keep watching RIDE and take a seat, it's gonna be a bumpy one.
Made this chart 05.19.2021 Almost a month ago.... and then added some new stuff to it about a week ago. I find it interesting that it accounts for the current news and shows where price action will drop to. Will it continue to stay true to this trend that is Drawn? Whats the likelihood of this getting bought out by a bigger company? If you know or have a...
$RIDE continues its all time low breakdown, with its latest trading session closing at $9.20. The technical support breakdown of $RIDE since a month ago has tumbled its share price by -18.31%, a loss of approximately US300mil from its market capitalization. SEC is currently investigating the company on the authenticity of $RIDE 100k pre-orders that are months away...
RIDE Breakout and OVER 1.7 million shares in post market alone!!
chart shows technicals....
for the newest fundamentals see the link for a short gif of me using my phone to show the order book from my screen (hard to misread this tape).
siasky.net
data shown is Level 2 Nasdaq data via webull.com
Link and encrypted hosting provided for via siasky.net without...
RIDE - fundamental, technical, And sentimental indicators are sounding buy alarms.
starting production in Sept. - Fundamental aspect
levels identified on chart - Technical aspect
People on the web not liking Hindenburg Research targeting this promising company and others for their own gains - Sentimental aspect
LOVE this chart, I went in pretty hard on RIDE, this beauty should start to climb. Love it as a longterm grab too, the trucks look sick, motor in the wheels pretty unique and and the EV space should blow up.
