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...
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.
Butterfly pattern: AB=0.78 XA BC=0.88 AB CD=1.6 BC
shark harmonic pattern: AB=0.38 XA=$12 BC=1.6 AB=$4.61 tp1=0.78 BC=$9.77 tp2=1.6 BC=$21.75 tp3=0.88 XA=$26.38 tp4=1.13 XA=$38.61 tp5=2.24 BC=$39
$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...
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.
Video breakdown on $RIDE ! Holding calls from our entry today! Record Volume on $RIDE is exactly what we need for continuation! Lets break $29!