RIDE this RIDE?
Updated
I know very little about this company. What I do like is the price action and pattern I am seeing. I have seen this giant broadening pattern many times over the last few years and they are extremely powerful. However, they are not easy to trade. The descending nature of the lower trendline make it difficult to catch a bottom. What I prefer to do is use patience and nibble at the extreme drops and think BIG PICTURE. Personally, I am nibbling on this one now and will treat it as a speculative but longer term swing trade perhaps with CALL OPTIONS out for 2023.
Note
RIDE looks very good here. Short or long term, this looks great in my opinion.
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